By coinnews 
00:00 Speaker A
Some breaking news crossing the wire here, Atlantis, the maker of Ram trucks and Jeeps, planning to temporarily lay off 900 workers at five US facilities after President Donald Trump’s tariffs were announced. Now this comes as Atlantis is also, the company is pausing production at two assembly plants in Canada and Mexico. The company attempting to navigate President Donald Trump’s new round of 25% automotive tariffs that took effect on Thursday. The actions are the swiftest and most dramatic by automakers regarding these new tariffs, which are imposed on all vehicles imported into the United States, including from Canada and Mexico here. Just to run through a little bit more context here, so we do know that Stellantis, again the owner of Jeep and Ram brands. The company saying on Thursday that they are pausing these additional plants at Canada and Mexico here moving forward. The COO saying with the new automotive sector tariffs now in effect, it’ll take our collective resilience and discipline to push through this challenging time. Again, those projected layoffs, 900 workers, that is expected to kick in on Monday, and that is, of course, not the response perhaps that United Auto workers were anticipating when they came out in support of these tariffs. We’re now seeing the impact of profit margins kicking in at these companies and perhaps the sign of potentially more layoffs to come at these automakers.