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U.S. Auto Tariffs Prompt Production Cuts, Layoffs and Price Hikes Across Industry | Ozzie

U.S. Auto Tariffs Prompt Production Cuts, Layoffs and Price Hikes Across Industry

U.S. begins 25% auto tariff; automakers halt production and plan domestic output shifts. Imported vehicle prices could rise up to US 27,200; parts tariffs begin May 3. Canada, China, and E.U. respond with retaliatory tariffs and trade negotiations intensify. A 25 % tariff on imported vehicles took effect in the United States on April 3, … Continue reading U.S. Auto Tariffs Prompt Production Cuts, Layoffs and Price Hikes Across Industry