Carney Called It A BETRAYAL - Stelco's U.S. Owner Told Ottawa Its Claim Is False
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Stelco's American owner, Cleveland-Cliffs, is laying off up to 500 steelworkers in Hamilton and Nanticoke and blaming Donald Trump's 50% steel tariff - the same tariff its CEO Lourenco Goncalves publicly called a necessary step. Prime Minister Mark Carney says the workers were betrayed and that Ottawa will pursue the company to the full extent of the law. When Cleveland-Cliffs bought Stelco for 3.4 billion dollars in 2024, it signed legally binding five-year promises to Canada on jobs. Industry Minister Melanie Joly gave the company five business days to show how it would keep them. Stelco's answer: the claim that it is breaking them is "false". This video goes through the promise, the letters, and the one time Ottawa has been here before - with the very same steel company. - 28 September: Stelco idles its Hamilton lines the same afternoon Trump announces a 15 billion dollar steel plant in Iowa and credits his tariffs - Carney in Vancouver: the workers and families "have been betraye
Tags: Canadian Politics, Canada News Today, Mark Carney, Canada US Relations, Canada Tariffs, Canadian Sovereignty, Canada Trade, Canada Economy, Canada Trump, Canadian Analysis, Trump News, US Tariff, Canada Trade War, CUSMA, USMCA, Canada Updates
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