Posted 11/10/2026 06:31 (#11799175 - in reply to #11798839) Subject: RE: CNH selling construction part of the business
deep SW On.
German Shepherd - 11/9/2026 18:35
Not sure if this is behind a paywall but CNH announced they are selling the construction part of the business to a Japanese company. One of the reasons cited was the tariffs on steel.
Putting aside the fact I am Canadian, hard to understand all the Tariffs on USA imports to make products more expensive. US with tariffs pays 80% more for aluminum than world price. Idk steel tariff is like 50% . Stelco (previously US owned in Hamilton ,Ontario) was sold to Cleveland Cliffs and they are closing it down . The Cleveland Cliffs ceo said they bought it as Stelco was hurting there business in US by selling cheaper than them.
Cleveland Cliffs had an agreement to keep it open like Stellantis had for Brampton car plant which is closed. No problem taking gov't $$ and then just walking away. Stellantis (Chrysler) was bailed out of bankruptcy 2x ,lots of debt forgiven and then they give everybody the middle finger..Sorry, rant.
CNH selling construction part of the business
