The Wall Street Journal is reporting that U.S. automakers are seeking a workaround to avoid increased expenses resulting from President Donald Trump’s controversial tariff policy: relocating manufacturing to China.
“Four major automakers are racing to find workarounds to China’s stranglehold on rare-earth magnets, which they fear could force them to shut down some car production within weeks,” the Journal reports. “Several traditional and electric-vehicle makers—and their suppliers—are considering shifting some auto-parts manufacturing to China to avoid looming factory shutdowns, people familiar with the situation said.”
it’s almost like Trump has no idea what he’s doing
He doesn’t, but he takes advice from trade expert Peter Navarro, who has written many books, crediting the groundbreaking work on trade and tariffs by renowned expert Ron Varo (Navarro).
Yep, Trump’s trade expert’s best source for information is just making it up himself. It’s all just imaginary, wishful thinking. Stupid people think they can just wish their fantasies into reality.
Trump knows exactly what he’s doing: fucking over the US like his handler tells him to, while causing wild market swings that his friends (okay, associates) can make bank off of