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Automakers Close Factories, Lay Off Workers in Response to New Car Tariffs

Automakers Close Factories, Lay Off Workers in Response to New Car Tariffs

AutomotiveTariffsEconomyManufacturingTrade

Several automakers have closed factories, laid off workers, or shifted production in response to the car tariffs that went into effect last week. These measures have already led to a reduction in car imports and the shutdown of some factories.