Peter Hall, who now works for Pennsylvania Capital Star, is reports that Mack Trucks intends to lay off 250-350 workers at its Lehigh Valley Operations Center over the next three months. Reason? "'Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,' spokesperson Kimberly Pupillo said."
Thanks President Trump. Make America Broke Again.
I can only think that Trump's threatened tariffs against Mexico and Canada, which will hurt American consumers by increasing inflation, are another one of his bluffs. Of course, the risk that they will backfire is great, but it will have no impact on him or his increasing number of kleptocrats. It will, however, negatively impact the people who voted for him if he goes through with his threats. That's why I think he'll soon declare himself a winner and move on to the next manufactured crisis.
Although Trump has said trade wars are "easy to win," the truth is that they extended the Great Depression.
