US steel producer Cleveland-Cliffs just laid-off over 1200 people. Cleveland-Cliffs holds 18% of the US market and is a key value chain indicator of whats to come.
Auto maker Stellantis just laid-off 900 people from it's Kokomo, Indiana plant.
Absolutely. They can just avoid American products and get stuff from literally the rest of the world. I don’t think it’s good that the average Bluesky user knows more about global economics than the president
Oh gee I wonder who can last longer in a trade war, an authoritarian country against one trading partner or a democratic country with an unpopular leader fighting against all their trading partners?
Even though I'm suffering the pain of the market losses, I'm almost beginning to enjoy this now. Trump is panicking (it's always a projection), the Chinese are not going to engage with him. The EU are up next week, and they too will be responding forcefully.
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Auto maker Stellantis just laid-off 900 people from it's Kokomo, Indiana plant.
https://www.globaltimes.cn/page/202503/1331179.shtml
Others scared.
Me tough man.
Nothing is going to get better until Congress acts, and they went home.