Stellantis layoffs

[Steel City]

https://www.yahoo.com/finance/news/stellantis-says-temporarily-lay-off-134211679.html

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[JPROCKS]

Sadly, first of many layoffs coming due to Tariffs

 

[Grayone]

Can't hardly wait for all that winning that was promised...

 

[Mifsuud]

Socks at Wal-Mart will be $22.
Hope you don't need a cell phone soon or anything that uses processors, South Korea 26% and Taiwan 32%. Enjoy that inflation everybody!
There hasn't been a domestically manufactured TV since Curtis Mathes. Not sure how many jobs Samsung or LG are taking away from US production. Zero in the last 30 years from my calculations.

 

[yokramer]

Can't hardly wait for all that winning that was promised...

Its ok high tariffs during a recession is never a bad idea right?

 

[ViperJon]

Sadly, first of many layoffs coming due to Tariffs

Yeah they were in great financial state before the tariff's. The 70K Wranglers are flying off dealer lots.

 

[Grayone]

Now those 70k Wranglers will be 80k..
But not to worry, unemployed people don't buy toys when worried about their next house payment.

 

[Dusty Dude]

Your are being gas lit by an agenda driven media. The tariffs are a temporary tool to get other countries to drop their existing tariffs on our products, thereby opening up their markets to us. When other countries drop their tariffs, we will drop ours, and the prices for foreign products will stay the same.

A permanent tariff would work as advertised and increase prices, but that is not what is being enacted. Canada and Mexico have already removed a majority of their tariffs before ours went into effect. Other countries are already scrambling to negotiate to get the tariffs removed.

 

[Grayone]

You are naive at best. How does the koolaide taste this time around?

 

[JPROCKS]

Your are being gas lit by an agenda driven media. The tariffs are a temporary tool to get other countries to drop their existing tariffs on our products, thereby opening up their markets to us. When other countries drop their tariffs, we will drop ours, and the prices for foreign products will stay the same.

A permanent tariff would work as advertised and increase prices, but that is not what is being enacted. Canada and Mexico have already removed a majority of their tariffs before ours went into effect. Other countries are already scrambling to negotiate to get the tariffs removed.

Don't disagree but the whiplash tariffs have resulted in a trillion dollar loss in the stock markets, companies delaying or stopping capital investments, laying off staff, products being pulling from shelves. All of this impacts the consumer, the little guy

 

[Dusty Dude]

Don't disagree but the whiplash tariffs have resulted in a trillion dollar loss in the stock markets, companies delaying or stopping capital investments, laying off staff, products being pulling from shelves. All of this impacts the consumer, the little guy

It will be a bumpy ride for awhile, but it will settle out for our benefit. Foreign investment money has been pouring in to move factories (and jobs) here instead of being overseas. If this succeeds in replacing federal income taxes for most of us, even better.

 

[JPROCKS]

Time to add some humor to this thread! Feel bad for the Penguins

https://www.theguardian.com/us-news...antarctica-uninhabited-heard-mcdonald-islands

 

[Wbino]

The bad taste left in the mouths of consumers worldwide because of the current atmosphere will severly hinder sales of US products outside the USA.
And products made soley in the US is great but since we live in a country who's salaries are higher than let's say ...China, most products will cost more.

 

[Grayone]

Time to pull in the horns. Just cancelled a Joose 2 door designed to replace my 24 Anvil 2 door. I for one am going to let the dust settle a bit before any major expenditures. And it would have been a cash purchase. YMMV

 

[c20040215]

Sadly, first of many layoffs coming due to Tariffs

You are fake news. I thought tariffs was supposed to create local jobs...

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