The Wall Street Journal is reporting that U.S. automakers are seeking a workaround to avoid increased expenses resulting from President Donald Trump’s controversial tariff policy: relocating manufacturing to China.

“Four major automakers are racing to find workarounds to China’s stranglehold on rare-earth magnets, which they fear could force them to shut down some car production within weeks,” the Journal reports. “Several traditional and electric-vehicle makers—and their suppliers—are considering shifting some auto-parts manufacturing to China to avoid looming factory shutdowns, people familiar with the situation said.”

  • ExtantHuman@lemm.ee
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    2 days ago

    It’s almost like making ALL THE MATERIALS WE NEED TO NAME THINGS MORE EXPENSIVE doesn’t Incentivize business to build factories here.

    Steel and aluminum imports just got 50% more expensive.