US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Stellantis proposes financial aid for tariffs.
With 25 percent tariffs on all car imports now in effect, Jeep’s parent company is mulling ways help mitigate the negative effects of the new fees. So far, those plans have included employee discounts for customers and temporary layoffs of factory workers. Now Stellantis is considering a program in which its suppliers could apply for financial assistance in paying the new tariffs, Bloomberg reports. It’s unclear how much help Stellantis would provide, or even how long this help could last. But it’s an example of the lengths the auto industry is willing to go to avoid having to pass the full cost along to customers.
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