Tag: labor stability
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Canada Snags U.S. Auto Industry! Major Companies Flee America to Escape Trump’s Tariffs
Volkswagen and Stellantis are redirecting billions in investments from the U.S. to Canada, driven by increasing U.S. tariffs on steel (from 25% to 50%) and regulatory uncertainties. Volkswagen has actually shelved California production plans, selecting a $4.5 billion gigafactory in St. Thomas, Ontario, leveraging German cell technology and Quebec's lithium and nickel reserves to produce…