Stellantis Cuts 900 US Jobs as Trump’s Auto Tariffs Take Effect

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

Stellantis advises 900 US-based employees of furlough and shuts Mexican and Canadian facilities because Trump’s new trade tariffs force these actions. Antonio Filosa who leads the Americas Division at Stellantis informed staff about temporary factory changes till the firm determines how trade policies will impact their running operations.

The new auto import tariffs introduced last week to the world automotive sector triggered major operational problems across the market. The Stellantis stock dropped by 9.3% during New York trading on Thursday mainly because they assemble half of their US vehicles such as Jeep models and Ram trucks within US borders.

The White House says taxes on imports will create more US factory jobs and pay raises, but opponents say these policies ignore how North American car parts production depends on each other. The car manufacturing business has major problems adapting to these tariffs since imports make up half of all car sales in the US.

About aamna aamna

Aamna is keen to write important news about politics, entertainment, business, etc., and to bring it to the public's attention.

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare
AddThis Website Tools
aamna aamna

Aamna is keen to write important news about politics, entertainment, business, etc., and to bring it to the public's attention.

Recent Posts

Empowering Anganwadi- 200 Workers in Margherita Receive Mobile Phones

In a major milestone in digitalisation of grassroots public services, the Assam government distributed mobile devices to 200 Anganwadi Workers…

May 24, 2025

India Still Cost-Effective for iPhone Production, Even with 25% U.S. Tariff

The Global Trade Research Initiative (GTRI) has recently stated that it is possible to manufacture iPhones in India even with…

May 24, 2025

India to Open $700 Billion Public Procurement Market to U.S. Firms Amid Trade Talks

India is preparing to grant U.S. companies access to a large part of India’s public procurement market which is worth…

May 24, 2025

Who Is Sri Mulyani Indrawati? Indonesia’s Finance Minister Appoints New Head of Customs and Excise

Sri Mulyani Indrawati, Indonesia's Minister of Finance, has named the retired Lieutenant General Djaka Budhi Utama to lead the country’s…

May 23, 2025

Chiquita Fires 5,000 Banana Workers in Panama: $75M Loss Explained – All You Need to Know About the Strike

After a 24-day strike that halted operations in the country’s primary banana-producing province, Bocas del Toro, banana exporter Chiquita Panama…

May 23, 2025

EPS Pension Eligibility & Amount: What 10 Years of Service Means for Your Retirement

The Employees' Pension Scheme (EPS) provides an important safety net for millions of Indian workers in the organised sector. For…

May 22, 2025