Stellantis announced it will temporarily lay off 900 workers at five US facilities and temporarily halt production at an assembly plant in Mexico and Canada, following US President Donald Trump’s tariff announcement.
Trump expanded the tariffs to 10% on all imports on Wednesday, with higher tariffs for some countries. This follows the 25% tariff on all car imports announced last week, which sent shockwaves through the global auto industry.
The auto industry will be severely impacted by the new tariffs, and this impact will be felt in the prices of cars and auto parts produced outside the United States.
Many companies with factories in the US will also be affected, as the tariffs are imposed on imports. There is global fear of a tariff war sparked by Trump’s decisions, as he wants everyone to pay the US Treasury.
