Trump’s Extreme Tariffs Are Already Wrecking the Auto Industry
Government
American companies are not “leaping” to hire new employees, as the White House promised. Instead, they’re rapidly letting them go. Stellantis—one of the Big Three automakers in the U.S.— announced Thursday that it would be laying off hundreds of U.S. workers in the wake of Donald Trump’s sweeping tariffs. The company is also planning to temporarily pause production at two foreign assembly plants in Canada and Mexico. “We are continuing to assess the medium- and long-term effects of these
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