- Joined
- Oct 14, 2015
- Messages
- 68,378
- Reaction score
- 74,178
- Location
- Massachusetts
- Gender
- Male
- Political Leaning
- Other
Following President Donald Trump's introduction of the “Liberation Day” tariffs, the first major car manufacturer has announced plans to halt production in the United States. The president, who initiated blanket tariffs of 10% on all countries except Canada, Mexico, and China, 25% tariffs on imports from Mexico and Canada, as well as on all automobiles, and a 125% tariff on China, has not backed down from his stance and has even issued threats to other countries. It comes after Trump is branded 'disgusting' for honoring Pope Francis in a 'baffling' way. The tariffs have also resulted in clashes with Federal Reserve Chair Jerome Powell and threats of lawsuits concerning the global trade war imposed by Trump.
.
.
Mazda has confirmed it will halt production of CX-50 vehicles bound for Canada due to the tariffs in the U.S. and the corresponding retaliatory measures enacted in Canada. The company confirmed that production at its Huntsville, Alabama, plant will be suspended beginning on May 12. The plant produces the CX-50 vehicles for the North American market. The duration of the suspension has yet to be determined. This is expected to lead to a limited supply of CX-50 vehicles in Canada, though the company will still sell the remaining stock. . . If tariff policies remain unchanged and the plant stays closed for an extended period, the price of the CX-50 in Canada could rise further.
[cont]
Huh, it's almost like corporations are amoral conglomerations of capital and labor whose only goal is their owners/shareholders profits, and therefore have no interest in Trump's insanely stupid plan to try to force manufacturers away from more profitable climes and onto American soil. As it turns out, when you massively jack up the price of the raw materials a company needs with tariffs, that company is liable to manufacture elsewhere.