Trump’s Tariffs Triggered GM’s Shutdown — But Canada Turned It Into Gold
Автор: News Beacon
Загружено: 2025-11-01
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Trump’s Tariffs Triggered GM’s Shutdown — But Canada Turned It Into Gold
Former U.S. President Donald Trump’s aggressive tariff policies have backfired dramatically, with General Motors (GM) facing major shutdowns across American plants — while Canada has turned the crisis into an unexpected windfall. Trump’s 100% tariffs on Chinese auto parts and metals drove up production costs for U.S. automakers, forcing GM to halt operations and lay off thousands of workers. In contrast, Canada seized the opportunity by offering tax breaks and energy incentives, attracting manufacturers seeking stable supply chains and lower costs. Several automakers have since shifted production north of the border, fueling Canada’s fastest manufacturing growth in years. Economists say Ottawa’s strategic trade diplomacy and clean-energy incentives have made it a safe haven for global investors fleeing U.S. instability. What began as a tariff war meant to “protect American jobs” has instead revitalized Canada’s auto industry — and weakened America’s manufacturing edge.
#Trump #Tariffs #GM #Canada #TradeWar #Manufacturing #AutoIndustry #Economy #China #USPolitics #TradePolicy #Jobs #Geopolitics #GlobalTrade #EconomicShift #NorthAmerica #SupplyChain #Inflation #ElectricVehicles #IndustryNews
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