Sault Ste. Marie MP says Algoma Steel loans ‘absolutely critical’ to its survival - BNN Bloomberg
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Article Excerpt
The member of Parliament for Sault Ste. Marie and the Algoma region said Wednesday U.S. President Donald Trump tried to “wipe Algoma Steel off the map" with his punishing tariffs.
Terry Sheehan also said Trump won’t succeed and argued the financial lifeline the federal and provincial governments have offered the steel plant is “absolutely critical” to its survival.
Liberal MP Terry Sheehan answers questions as he makes his way to a meeting of the Liberal caucus on Oct. 1, 2025. (Justin Tang/THE CANADIAN PRESS)
“The 50 per cent tariffs were meant to wipe Algoma Steel off the map. That’s one …
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