Carmaker Stellantis Announces Hundreds of Layoffs as Trump’s Tariffs Hit Economy

President Donald Trump’s tariffs—which have been called “a complete fucking joke,” “insane and idiotic,” and “probably the most stupid economic step taken by a president in this generation“—haven’t even gone into effect yet, but economists, Wall Street, and people who value their 401Ks are all freaking out with equal abandon. With the stock market in free-fall and decades-long international trade partnerships in tatters, Trump is promising that his policies will somehow “make America wealthy again.” Financial experts, however, are predicting disaster and, to kick things off, carmaker Stellantis has now announced the layoff of 900 people working at its U.S. warehouses. The carmaker said it would “pause” production at a number of its car assembly plants located in Canada and Mexico, CNN reports. At the same time, the company says that it will lay off 900 hourly workers in the U.S. who are responsible for making the parts that are sent to those manufacturing plants. For the time being, t ... Read full article.