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Tariff Fallout Begins: Major Companies Slash Thousands of Jobs Citing Rising Trade Tensions

Tariff Fallout Begins: Major Companies Slash Thousands of Jobs Citing Rising Trade Tensions

By Caleb Naysmith – Barchart 

The trade war is no longer just a geopolitical talking point — it’s now a frontline reality for thousands of workers across North America. In the wake of sweeping new tariffs imposed by the Trump administration, a growing list of companies have announced job cuts, operational pauses, and in some cases, full-scale shutdowns. The fallout is cascading through industries as diverse as automotive, steel, consumer goods, and even tabletop gaming.

With thousands already laid off and more cuts expected, many fear the ripple effect from these tariffs could further strain a fragile post-COVID recovery, and threaten the broader North American labor market.

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