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.”

    • Alloi@lemmy.world
      link
      fedilink
      arrow-up
      13
      arrow-down
      1
      ·
      2 days ago

      it was to create a profit loop for the worlds wealthiest that contributed to his movement, while also making himself and his family even more wealthy in the process.

      destroying the US is just a bi product of that massive wealth transfer.

      also it was a sociopathic narcissist at the end of his life trying to immortalise himself for as long as possible.