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Canadian Plant Announces Mass Layoffs Over US Tariff 'Nuclear Bomb
0 Share Newsweek is a Trust Project member See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. More than 400 workers are set to be affected by the temporary closure of a Canadian manufacturing plant, which the company has blamed on the ongoing tariff dispute between the United States and Canada .
Paperboard manufacturer RYAM has said it is closing its facility in Témiscaming, Quebec, as a direct result of U.S. tariffs. Operations will shut down on September 15, with 425 workers being impacted by the closure. Newsweek has contacted the company via email for comment.
"This decision is the result of a business environment that has become unsustainable, making continued operations simply no longer economically viable," a spokesperson for the company said, according an email seen by local news outlet North Bay Nugget .
"Despite all the efforts we have made to adapt to this new reality, the magnitude of the tariffs, no longer allows us to operate the site under sustainable conditions."
Témiscaming mayor Alain Gauthier, who previously worked for the company, told Canadian news outlet CTV News that the tariffs were a "nuclear bomb" for sectors that rely on U.S. markets, and described the situation as an "economic war."
Trade tensions between the U.S. and Canada have escalated sharply after negotiations regarding a new trade agreement broke down over the past fortnight.
The Trump administration imposed tariffs of up to 50 percent on $27.6 billion worth of Canadian goods on August 22, targeting products including agricultural goods, manufactured products, and consumer items. This was on top of existing U.S. duties affecting sectors such as steel, aluminum and automobiles.
Canadian Prime Minister Mark Carney subsequently suspended the negotiations, saying the terms sought by Washington were not in Canada's interests, and Ottawa has announced a dollar-for-dollar response.
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