Cleveland-Cliffs to Close West Virginia Tin Plant After Tariff Ruling

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Source: Yahoo News
Cleveland-Cliffs to Close West Virginia Tin Plant After Tariff Ruling
Photo: Yahoo News
TL;DR Summary

Cleveland-Cliffs is indefinitely shutting down a tin production facility in West Virginia and laying off 900 workers after the International Trade Commission voted against imposing tariffs on tin imports from Canada, China, and Germany. The decision comes after the U.S. Department of Commerce had determined that these products were sold in the United States at less than fair value and subsidized by the Chinese government. The company plans to offer severance packages or relocation opportunities for affected workers, and its CEO expressed disappointment in the trade commission's ruling, calling for stronger trade laws to protect American industry and workers.

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