TRUMP TARIFFS=LOSING; GM PLANS TO HALT PRODUCTION IN PLANTS IN CANADA, AS WELL AS IN OHIO AND MICHIGAN.
COST PRESSURES ON GM AND OTHER AUTOMAKERS AND SUPPLIERS HAVE INCREASED AS DEMAND WANED FOR TRADITIONAL SEDANS. THE COMPANY HAS SAID TARIFFS ON IMPORTED STEEL, IMPOSED EARLIER THIS YEAR BY THE TRUMP ADMINISTRATION, HAVE COST IT $1 BILLION.
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