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Tariffs Pave Rocky Road for Canadian Car Industry

  • Thousands of Canadian autoworkers have been furloughed amid new tariffs in the country.
  • Unifor, Canada's largest private-sector union, warns that temporary layoffs could lead to longer-term job losses in the industry.
  • Canada has imposed 25% tariffs on imported U.S. vehicles as a countermeasure, with the possibility that the tariffs may persist.
  • The increase in car prices due to the tariffs may deter prospective car buyers, leading to a potential decrease in overall spending and a loss to the economy.

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