Latest U.S. auto tariffs a recipe for higher prices, layoffs across North America

News Room
By News Room 8 Min Read

TORONTO AND OSHAWA, ONT. – The auto industry is sounding the alarm about U.S. President Donald Trump’s latest tariff announcement, which could weigh on companies, raise consumer prices and result in job losses. 

Trump announced Wednesday he would impose 25 per cent tariffs on auto imports to the U.S., set to take effect next week. He also said the Detroit Three automakers have to move their parts divisions back to the U.S.

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