Re:Trump temporarily drops tariffs to 10% for most countries
by fancyfredbot on Wednesday April 09, 2025 @04:25PM
(#43637481)
In my defence I mentioned it was "Too late for those working on projects involving foreign manufacturers which have now been cancelled due to tariff uncertainty" which I think covers these auto workers?
Still I'm sure I unintentionally missed many examples of people who've been negatively affected by this saga. I didn't mean anything by that, it's just ignorance or lack of thought on my part.
In the automotive sector alone - GM, Ford, and Stellantis all flipped the master breaker to "off" on a number of plants and sent everyone packing.
That hire-back will not be instant. People are going to miss payments for rent/mortgage, car loans, utility bills, etc.
Let's not forget that many companies hit the brakes, hard, on exporting goods to the US - so there's going to be the shipping equivalent of those traffic "waves" because two hours ago someone on the highway panic-braked