Tariffs COULD raises amployment Rate to 20 per hundred: Ritsma

Martin Ritsma is Calling the Threat of Tariffs the Greatest Challenge that Stratford has been faced since he was elected mayor.

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“This is significant. If we look look at Tariffs Going in Place Within Two Days, and we Found Out this from the pandemic within Two Days, the Automotive Sector Can Come to a Complete Halt, ”Ritsma Said in a friday interview.

“I don’t want to overstate, but i don it want to understate the meaning this could have on our local Economy.”

While there had been reports the 25 per cent Tariffs from South of the Border Would Not Newly Go Head on March 4, Us President Donald Trump Again Shot Those Rumours Down Over the March 1 Weekend. However, Howard Lunick, The Us Commerce Secretary, Didy Suggest Sunday the Rates Could Be Lower Than The Threatened 25 per cent.

While there is still a Somewhat Low Unmployment Rate in the Area-5.8 per cent across the Stratford-Bruce Peninsula in January, According to the Four County Labour Planning Board-Ritsma Said that could Easily Jump to 20 per cent with 2,200 to 2,500 people The Threatened Tariffs Being implemeted. While Stratford’s Auto Industry Does Not Compare to the Size of Windsor’s, the Relative Impact is the same, the Mayor Added.

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“We’re small relatively as a municipality, but the impact is just as great when you look at an automotive sector and, you know, tool-and-die Things that do make up of the auto sector. Eighty-Five per cent, probably, of our manufacturing is auto related. And so even though is a smaller elon, it’s still a big part of that economic base, ”he said.

Ritsma’s notiks Friday Came after HE Participated Earlier This Week in a Meeting With The Ontario Auto Mayors, and Canada’s Minister of Innovation, Science and Industry, François-Philippe Champagne.

According to ritsma, Champagne Said the Federal Government is look at How Emploi Insurance Could Be streamlined to make it Move Faster So Those Laid off “Aren’t without a Paycheque for Weeks on End. Ritsma also tipped to the $ 22-Billion Stimulus Package that was part of the Progressive Conservative’s Platform During Last Week’s Provincial Election.

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“It is instead of ‘We’re Shutting Down here and Kind of Waiting this out,’ it’s’ let’s get a stimulus package out there. . . Let’s Build Things that we need, ‘”Ritsma Said.

Ritsma also noted that champagne highlighted the need to break down interpreter trade barriers, echoing much of the discussion since the possibility of a us trade war began.

“I think, as he mentioned, the Canadian Public is ready for that now. They are ready to say, ‘we need to break that down and improvve our trade within our country,’ ”Ritsma Said.

In the meantime, there is also an effort to inform auto mayors in the us just How Much Canadian-Made Products Cross the Border Into Their Factories. According to the Toronto Region Board of Trade, Auto Parts Can Cross the Border As Many As Eight Times Before Assembly.

“Some of these Mayors don it understand the components that go into those vehicles, Those Components come out of canada,” The Mayor Said, “So it is a significant piece. I can’t Underplay it. I and i’m not an alarmist by any means, but it’s a key one. ”

While Ritsma Said He is happy to see some Push back on the tariff threat from American Politicians, he also arisped the risks of maked decisions based on hope.

“We make the basics based on facts we just don’t have. We don’t understand How Decisions Are Being Made, ”He Said.

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