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.”

  • Pennomi@lemmy.world
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    3 days ago

    What?! The tariffs made American businesses uncompetitive? Who could possibly have guessed?!

    • Bakkoda@sh.itjust.works
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      3 days ago

      No, decades of deregulation made business uncompetitive. Tariffs have fucked up the supply side economy these parasites have gorged themselves on.