Trade, Tariffs, and Soybeans
Trump has consistently claimed that exporters, those countries who are “ripping us off,” are paying the tariffs. However, the actual data tell a different story.
Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the year through early retirements and buyouts. The announcement follows yesterday's news that it would lay off 6% of its hourly workforce by shuttering a plant in Delaware and slowing production at one in Ohio. Chrysler's sales are down 25% for the year.