TIMMINS – While the ongoing trade war is impacting a local business, it’s making the most of a chaotic time.
The Bucket Shop is a Timmins-based mining supplier known for its innovative, custom-built products, which require imported steel from the United States and cast alloys from China. The recent unpredictable extra costs have them working to build a made-in-Ontario supply chain.
The Canadian government’s retaliatory tariffs to the U.S. mean the price of the highly specialized steel to make their products goes up 25 per cent as it crosses the border, while imports from China have a 10 per cent tariff.
“The circumstance is unpredictable, as is the person that keeps changing his mind on tariffs or not. We’re all living in a bit of a chaotic, unpredictable time. But our government is supporting us as the supply chain and is supporting the mining sector,” said Jamie Pouw, business optimization lead for The Bucket Shop.
When the federal and provincial leaders talk, he’s interested in how they talk about the value of critical minerals, specifically in the Ring of Fire.
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