WEB Notes: I should not have to tell you an $11 billion reorganization is a major event. Ford is doing this due to the Trump tariffs, the tariffs many Trumpbots thought was a good idea. We have talked about this over and over and now the chickens are coming home to roost. We previously posted about Ford loosing $1 billion in profits due to the tariffs. This is affecting a lot of other companies as well…
Looking at this from another angle, we should understand the tariffs have also coincided with a rise in interest rates from the not so Federal Reserve. These actions are inline with one another and will both help to bring down the economy, to remove some of that positive sentiment. You may not hear about the Federal Reserve having a hand in this, but it is there, be aware of that. Most people will blame Trump for the whole thing, he is simply going to be the fall guy, or could I should say. One of them.
Look, there is not a lot to be positive about financially speaking with respect to the world economy and US economy for that matter. Americans are in a record amount of debt, governments are in a record amount of debt. Cheap interest rates and the creation of fake money have kept the music going.
The whole thing, the world’s economic system could have stayed dead back in 2008, but it was not time. They did not fix a thing, instead they papered it over, (if I had a dollar every time I said that I would be a wealthy man I know).
For more on this subject, I encourage you to read our article, “Next Crash Will Be ‘Worse Than The Great Depression’“.
Ford Motor Co. plans to trim its workforce amid an $11 billion global reorganization effort that comes as President Trump’s tariffs squeeze the automotive industry.
Profits at the Dearborn, Mich.-based company fell 48 percent in the three months through June as sales slowed in China, whose government has retaliated for Trump’s imposition of duties on $250 billion of its shipments to the U.S. After announcing the restructuring effort earlier this year with few details, a Ford spokeswoman on Friday said the automaker is “in the early stages of reorganizing our global salaried workforce.”
That “will result in headcount reduction over time, and this will vary based on team and location,” she said in an emailed statement that provided no further details.