The News
Automaker Stellantis said it would temporarily lay off 900 workers at five US plants and pause production at factories in Mexico and Canada. The cuts came a day after US President Donald Trump announced a 10% baseline tariff on all US imports on top of a 25% duty hike on vehicle imports that took effect Thursday.
“We are continuing to assess the medium- and long-term effects of these tariffs on our operations,” the company’s North American chief Antonio Filosa told employees in an email, adding that the “current environment creates uncertainty.”
The retrenchment comes after the struggling automaker’s chairman told investors last month that Trump’s tariffs would complicate the company’s efforts to reverse its run of bad fortune; Stellantis’ net income fell 70 percent in 2024.