…meanwhile tariffs are backfiring on US companies
NEW:
🇺🇲 US companies are losing billions due to Trump's tariffs.
Massive layoffs are underway.
Ford: "Trump’s tariffs will cost our company $2 billion this year."
GM also reiterated that it expects $4 billion to $5 billion in tariff impacts in 2025.
U.S. employers… pic.twitter.com/ekphFN8iqP
— Megatron (@Megatron_ron) July 31, 2025
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Go down the thread a few spots to PatriotJosh. His take on why is
relevant, IMO.