BREAKING Entire Industry On Verge Of Collapse, Liberals Warned "We Have 6 Months Left"

We need the the Canadian government to

fight on our behalf. It's not going to

happen here in Ottawa. It's going to

happen in Washington. We need a

timetable. We need to start to work

together. Is this a a two to three-month

plan? Is this a six six-month plan? Is

this a one-year plan? Uh my answer will

be different for each one of those

scenarios. Um because you have to admit

and come up with the reality that what

you're asking of us is to stand uh to

the front line of a trade war with the

United States. And we are the front

line. As we prepare for this, um, we are

preparing for the risk of our

businesses. We're playing and gambling

with the future of our employees and we

don't know really how long this is going

to go. So, you ask for what my answer is

for what support. I ask you, uh, tell us

what the plan is because you're asking

us to tow the line right now and we

really don't know how long it's going to

be. If you tell me it's July, we'll

probably be okay. If you tell me it's

going to go much longer than that, then

we need to come up with some serious

measures to be able to support these

companies because right now Canada and

the United States, for all the reasons I

put down, are the two ugly sisters

and what's leaving is never coming back.

So I asked the question, how long do you

want us to hold the line?

On April 6th, a modification was made by

President Trump to the 232 tariffs, and

it has hit the mold, tool, and die

industry hard. Today, those Canadian

manufacturing company owners showed up

at committee with one goal. Push Mark

Carney and the Liberals to get a deal

done with the United States before more

damage is done because time is running

out. But when Liberal MPs leaned on

familiar talking points and subsidies

and diversifying to Europe, industry

leaders pushed back hard. Their message

was blunt. This isn't something that you

can patch over. The supply chain is

fully integrated. And if tool, dye, and

mold making goes down. It takes

manufacturing and the rest of the

Canadian economy with it.

Let's take a look. Ladies and gentlemen,

here is a release that came out on April

7th. So, it says, "On April 2nd, 2026,

President Trump issued a presidential

proclamation modifying the application

of the section 232 tariffs on steel and

steel derivative products, aluminum and

aluminum derivative products, and

semi-finished copper products and copper

intensive derivative products.

Now, basically, there's a lot to this,

and it doesn't just affect Canadian

products, but one of the most important

pieces is right down here at the bottom.

Tariffs now apply to the full customs

value. All tariffs imposed on products

under the steel, aluminum, and copper

section 232 actions will now apply to

the full customs value of the imported

product, including derivative products.

The previous system in which the tariffs

on derivative products were calculated

by splitting the customs value between

steel, aluminum, copper, and non-metal

content has been eliminated. What does

this mean? Well, imagine you're a

company and you have a product that

you're selling for $1,000 and the amount

of steel that is in that product, which

is the only piece that you're going to

be paying a tariff on, was around $100.

So before April, you'd be paying, let's

say, a 10% tariff on that $100. So you'd

be paying $10. Okay, fine.

But that doesn't apply anymore. Now

you're paying up to 50%

of the full customs value on that

product. So now instead of paying $10

for that product in tariffs, you could

be paying upwards of $500

depending on what is in that product.

This is a problem because many

manufacturing companies and many tool

companies, they don't have high margins.

It's not like they're making 50% profit

on a product. when all is said and done,

they're making between 1 and 9% and nine

is pushing it. So, they can't absorb

this type of tariff. And here's the

issue.

Most of the mold industry where they're

actually creating molds for other

products to actually go into for

plastics and things like that. And this

is very integral to the auto industry.

It's all made in Canada. Like almost 80%

of it is in the Windsor area,

never mind the rest of the tooling

manufacturers.

This is a big deal because

what will end up happening

is that as soon as American companies

start stop using these Canadian

companies, all of their business will go

to Mexico.

and these committee or these business

leaders came to Ottawa today for an

emergency meeting in order to

essentially

slam their their fists on the desk to

try to get this government to actually

do something.

Now, we were expecting some interesting

answers to conservative questions,

but it was the responses to the liberal

questions that actually sent a chill

down our spine.

What's the immediate impact if if we

don't get a resolution to the tariffs on

industry? And I and I don't even want to

talk about regionally. I'm talking about

Canadian industry. What's the immediate

impact? How how quickly are are

companies going to close? how many jobs

we're going to lose. What's what's the

fear factor on that front, sir?

>> Um, it's a it's a twofold question. Um,

the first impact is what we're feeling

immediately, which is any product that

we have on our shop floor that we would

have already received contracts for.

It's not co quoted or nor does it have

any provisions for this 10%. Um, we're

hoping that it's 10%, it could be 15%

and because of the ambiguity, it might

be 50%. Um there's no industry in Canada

that could sustain that type of uh that

hit to the bottom line. Most

manufacturers operate at single-digit

net profits. So anything greater than 5%

is going to make them unprofitable. If

they're in a position to be able to look

at sourcing in the United States,

they'll they'll they'll explore that.

The small to mediumsiz businesses will

not. They will just close. um at the end

of this you will likely see that an

industry will shrink or leave uh Canada

quite quickly because there's really no

incentive at that point to stay in

Canada.

>> You had mentioned in your opening

remarks about uh potential support

programs. Are those support programs for

3 months? Are they for 6 months? Are

they for a year? I'm just wondering how

do we save industry today so we don't

lose it? Because I believe that once

industry is gone, it's gone for good.

It's gone forever. Can you please expand

on on the comments that you had made

earlier on in your initial remarks?

>> M Lewis, you're absolutely right. When

industry leaves, it doesn't come back.

We've already seen that in the

automotive industry. Once these plants

close, they very rarely reopen. Um, so

the idea that you're going to be able to

uh, you know, change the minds of these

companies once they move. That's likely

not going to happen because it's too

expensive for us to move industry,

especially what we do, which is very

highly technical, specialized machines.

I tell most people that the machines in

my shop, one machine costs more than the

entire plant and building and land that

it sits on. That's not easy to move

around. So once it leaves, it's gone. Um

to answer the rest of your question, um

I don't necessarily think that there's a

good opportunity for us to try and save

this business if we are looking at

something longer than 2 or 3 months. Um

the you have to understand that this is

an aging industry, right? Most of our