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Algoma Steel Announces Over 1,000 Layoffs Amid Tariffs and Transition

  Reeling from high tariffs imposed by U.S. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers.  Algoma Steel, a major employer in Sault Ste. Marie, Ontario, has confirmed plans to lay off more than 1,000 workers in the coming months. The company issued 1,050 layoff notices as part of its decision to shut down its blast furnace and coke oven operations, accelerating its transition to electric arc furnace (EAF) technology. The layoffs, expected to take effect by March 23, 2026 , come as Algoma faces mounting financial pressures. The company reported nearly half a billion dollars in losses last quarter and cited “unprecedented tariffs” imposed by the United States as a key factor in reshaping its competitive landscape. Union leaders from United Steelworkers Locals 2724 and 2251 confirmed the layoffs, noting that while the workforce had anticipated job reductions tied to the EAF transition, the U.S. tariffs accelerated ...
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U.S. Increases Military Presence in the Middle East Amid Rising Tensions

 

The Pentagon has announced a significant boost in the U.S. military presence in the Middle East. This move includes deploying a fighter jet squadron and maintaining an aircraft carrier in the region. The decision comes as part of President Joe Biden’s commitment to bolster American defenses and support allies in the face of escalating tensions.

Defense Secretary Lloyd Austin confirmed that additional ballistic missile defense-capable cruisers and destroyers will also be sent to the Middle East and Europe. This strategic shift aims to protect U.S. troops and allies, particularly Israel, from potential threats posed by Iran and its proxies.

The deployment follows recent violent incidents, including attacks by Israel on Hamas and Hezbollah leaders, which have heightened regional instability. The U.S. aims to deter further aggression and ensure the safety of its forces and allies.

This move underscores the U.S.'s ongoing commitment to maintaining stability and security in the Middle East, amidst a complex and volatile geopolitical landscape.


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