LightNews LightNews
beck-4-2.bsky.social
@beck-4-2.bsky.social
2 followers 4 following 0 posts
Posts Replies Media Videos
Reposted
elbarto.bsky.social
[Trump, responding to reporters] Many people are talking about this, many smart people, they're calling it degrowth.
2 hours ago lan Austen Reporting from Windsor, Ontario Linda Hasenfratz, the executive chairwoman of the Canadian auto parts maker Linamar, said that the 25 percent tariffs President Trump intends to impose tomorrow on exports from Canada and Mexico could shut down North American auto production within a week. "Nobody can absorb this kind of cost, not the automakers, not the suppliers, not consumers," Hasenfratz, whose Canada-based company has plants in all three countries, said in a statement to The New York Times. "Demand will collapse, and vehicle production will grind to a halt, putting millions of workers out of work, the vast majority of which are in the U.S."
January 31, 2025 at 11:05 PM