Today is the first day of 25 per cent tariffs on all Canadian steel and aluminum exports to the United States.
U-S President Donald Trump went back on his threat to impose 50 per cent tariffs on Canadian steel and aluminum after Ontario Premier Doug Ford backed down on threats to lay a surcharge on Canadian Electricity used by several American states.
Rick Ilnisky, the CEO of RITZ Machine Works in Dauphin, has provided the following statement to CKDM News Now regarding the tariffs.
He says "RITZ Machine Works is well positioned to navigate the effects of tariffs, adding having facilities, customers and suppliers on both sides of the Canada/USA border provides the flexibility to adapt our operations as needed".
Ilnisky goes on to say "We have been working diligently over the years to develop a robust supply chain that allows us to meet these types of trade challenges head-on."
He concludes by saying "We remain committed to staying proactive and innovative in an ever-changing global trade environment and are confident in our ability to navigate these complexities."
