Ford announced plans to cut 4,000 jobs in Europe, with most in Germany, due to the shift towards electric vehicles (EVs). The company will also reduce working time at its Cologne plant where EVs are produced. This decision comes amid challenges in meeting CO2 emissions regulations and consumer demand for electrified vehicles, leading to a period of disruption in the global auto industry.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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