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TRUMP'S STRATEGIC FAIL
NOTHING WORKING FOR TRUMP!

Mass Layoffs, Stock Crash: EU SHUTS DOWN $219B U.S. Auto Industry | Trump's Tariff Chaos


Original article: https://www.youtube.com/watch?v=kryht8JhISE
Peter Burgess COMMENTARY



Peter Burgess
Mass Layoffs, Stock Crash: EU SHUTS DOWN $219B U.S. Auto Industry | Trump's Tariff Chaos

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Apr 28, 2025

#worldtrade #tarrifs

Mass Layoffs, Stock Crash: EU SHUTS DOWN $219B U.S. Auto Industry | Trump's Tariff Chaos

Transcript
  • 0:00
  • the world just witnessed a jaw-dropping
  • move that could send shock waves across
  • the American economy a single decision
  • by the European Union has triggered
  • chaos threatening to wipe out an
  • industry worth $219 billion factories
  • are shutting down workers are being laid
  • off by the thousands and Wall Street is
  • already trembling behind it all one
  • man's risky game with tariffs has set
  • this disaster in motion what's happening
  • right now could change the future of the
  • US auto industry forever and no one saw
  • it coming the American auto industry
  • once the beating heart of the nation's
  • economy is suddenly teetering on the
  • edge of collapse for decades companies
  • like Ford General Motors and Tesla have
  • symbolized strength innovation and the
  • American dream but now that dream is
  • unraveling at a terrifying speed in a
  • shocking move the European Union
  • announced devastating new trade
  • restrictions effectively cutting off one
  • of the largest markets for US-made
  • vehicles billions of dollars in deals

  • 1:01
  • vanished overnight contracts were
  • cancelled exports were halted and what
  • followed was nothing short of a
  • financial earthquake it all started with
  • a series of aggressive tariff threats
  • launched by former President Donald
  • Trump in an effort to protect American
  • manufacturers Trump introduced steep
  • tariffs on European goods believing it
  • would force better trade deals but the
  • EU refusing to back down fired back with
  • crushing penalties on American exports
  • and the auto industry took the first hit
  • american car makers who heavily depend
  • on overseas buyers especially in Europe
  • were blindsided they had spent years
  • investing in global markets and now
  • almost overnight they were being locked
  • out the consequences were immediate and
  • brutal major auto plants across Michigan
  • Ohio and Kentucky announced mass layoffs
  • within days of the EU's move tens of
  • thousands of workers were handed pink
  • slips their futures suddenly uncertain

  • 2:00
  • local economies built around these
  • factories began to crumble cafes shops
  • and suppliers dependent on the auto
  • industry started shutting down one after
  • another entire towns that had survived
  • through decades of ups and downs now
  • found themselves facing their worst
  • crisis yet the stock market felt the
  • tremors instantly shares of big
  • automakers plummeted ford lost billions
  • in market value within hours general
  • Motors scrambled to reassure investors
  • but panic spread faster than damage
  • control analysts predicted that if the
  • trade war escalated it wouldn't just be
  • car companies that suffered it could
  • ignite a full-blown economic recession
  • fear rippled through Wall Street and for
  • good reason the 219 billion US auto
  • industry doesn't just build cars it
  • supports over 10 million American jobs
  • from manufacturing to sales to
  • maintenance and yet as the chaos
  • unfolded some still argued that Trump's

  • 3:02
  • bold tariff strategy was the right move
  • they claimed the US had been taken
  • advantage of for too long and that tough
  • action was necessary but with factories
  • closing workers protesting and financial
  • markets crashing others saw it
  • differently to them it looked like a
  • gamble that had gone terribly wrong a
  • reckless game of economic chicken and
  • the American people were the ones paying
  • the price this was no longer a political
  • debate it had become a national
  • emergency the question now wasn't just
  • how bad things could get it was whether
  • the US auto industry could survive at
  • all as shock waves continue to spread
  • Americans are left wondering can the
  • damage be undone or has the future of
  • American manufacturing been destroyed in
  • one stunning blow the ripple effects of
  • the European Union's decision traveled
  • far beyond the auto factories it seeped
  • into the veins of the American economy
  • like a slowm moving poison every

  • 4:01
  • industry connected to car manufacturing
  • began to feel the pain steel suppliers
  • electronic chip makers tire companies
  • and shipping businesses all saw their
  • orders slashed warehouses filled with
  • unsold parts and contracts that once
  • promised years of steady income were now
  • worthless scraps of paper suddenly
  • America's proud industrial engine was
  • sputtering gasping for survival banks
  • that had financed large auto projects
  • began tightening credit fearing defaults
  • small businesses already on razor thin
  • margins couldn't afford the loss of
  • customers restaurants that once fed
  • thousands of auto workers every day now
  • sat empty real estate markets in factory
  • towns collapsed as laid-off workers
  • abandoned their mortgages and moved away
  • in search of new opportunities the
  • American dream was no longer being built
  • on assembly lines it was being
  • dismantled piece by
  • piece as this economic freefall deepened
  • political pressure mounted leaders

  • 5:01
  • across both parties demanded action some
  • urged immediate negotiations with the EU
  • to roll back the devastating tariffs
  • others insisted on doubling down
  • portraying the struggle as a necessary
  • sacrifice to achieve true economic
  • independence
  • but while politicians argued ordinary
  • Americans suffered families that had
  • relied on the stability of the auto
  • industry for generations were now living
  • paycheck to paycheck if they had a
  • paycheck at all wall Street's anxiety
  • turned into full-blown fear every
  • passing day without a resolution saw
  • stock prices tumble further hedge funds
  • dumped auto stocks in a frenzy
  • triggering automated sell-offs and
  • massive losses the Dow Jones Industrial
  • Average recorded one of its sharpest
  • weekly declines since the 2008 financial
  • crisis and auto stocks were at the
  • center of the storm confidence in
  • American manufacturing once seen as
  • unstoppable was shaken to its core
  • meanwhile European automakers once

  • 6:01
  • vulnerable to American tariffs were
  • quickly adapting they shifted their
  • focus to markets in Asia Africa and
  • South america building alliances and
  • cutting new trade deals at lightning
  • speed while American factories stood
  • silent European plants roared to life
  • flooding new regions with vehicles and
  • securing their dominance for decades to
  • come the European Union's strategy was
  • brutally effective isolating American
  • car makers starving them of
  • international sales and accelerating
  • their
  • downfall inside America the political
  • blame game raged trump's supporters
  • argued that the former president's
  • actions were intended to protect
  • American jobs from being outsourced
  • overseas they pointed to decades of
  • unfair trade practices that had hollowed
  • out American manufacturing but his
  • critics saw a different story a reckless
  • gamble with no safety net a
  • short-sighted war that underestimated
  • the enemy's strength as layoffs climbed

  • 7:00
  • into the hundreds of thousands the
  • public grew increasingly restless
  • demanding accountability corporate
  • executives from major auto companies
  • faced tough questions why hadn't they
  • prepared for this why had they invested
  • so heavily in export markets without
  • considering the risk of trade wars press
  • conferences became battlegrounds as CEOs
  • scrambled to defend their decisions some
  • admitted they had been blindsided others
  • tried to shift the blame to government
  • policies but behind closed doors even
  • the most confident leaders were
  • terrified they knew the numbers didn't
  • lie and the numbers were catastrophic
  • dealerships across the United States the
  • front line of auto sales were also
  • caught in the crossfire with fewer new
  • cars arriving and customer demand
  • plunging many dealerships had no choice
  • but to close their doors communities
  • that once celebrated the grand opening
  • of shiny showrooms now watched
  • helplessly as going out of business
  • signs replaced banners of success in

  • 8:01
  • rural towns and major cities alike the
  • American auto landscape was beginning to
  • look like a ghost town the economic
  • bloodbath didn't end there pension funds
  • tied to auto stocks saw their values
  • plummet endangering the retirements of
  • millions state budgets heavily reliant
  • on tax revenues from thriving car
  • industries fell into deficit
  • unemployment benefits skyrocketed as
  • more and more workers found themselves
  • without jobs it was a chain reaction
  • unstoppable and brutal tearing through
  • every layer of American society and
  • still there was no clear path forward
  • negotiations between US trade officials
  • and the European Union stalled each side
  • dug in deeper unwilling to show weakness
  • the longer the standoff dragged on the
  • more permanent the damage became
  • industry insiders warned that some
  • factories would never reopen that entire
  • supply chains might be lost

  • 9:00
  • forever what had started as a calculated
  • political move was now spiraling into
  • one of the greatest economic disasters
  • in modern American history as dark
  • clouds gathered over America's once
  • mighty auto empire one chilling question
  • hung in the air was this collapse just
  • the beginning of something even worse
  • behind the scenes the situation was even
  • more alarming than the public realized
  • intelligence reports showed that the
  • European Union had been preparing for
  • this trade war for years they had slowly
  • diversified their economies built
  • relationships with emerging markets and
  • invested heavily in technology and
  • renewable energy to make themselves less
  • vulnerable to American goods when the
  • tariffs hit they didn't flinch they
  • executed a cold strategic plan that
  • trapped American auto giants in a
  • tightening noose america on the other
  • hand was caught flat-footed reacting to
  • a wellplanned ambush without a clear
  • strategy to escape top economists warned
  • that the US was entering a new era of

  • 10:01
  • stagflation a deadly combination of
  • soaring prices and sinking growth car
  • prices skyrocketed as production stalled
  • making vehicles unaffordable for
  • millions interest rates crept up to
  • control inflation but that only worsened
  • the credit crisis auto loans defaulted
  • at record rates and families who once
  • dreamed of owning a new car now
  • struggled to keep their old ones running
  • it wasn't just a financial crisis it was
  • a collapse of confidence in the American
  • system itself as economic despair spread
  • anger boiled over protests erupted
  • outside shuttered factories with workers
  • demanding answers from politicians and
  • corporate leaders alike in cities like
  • Detroit once the beating heart of
  • American car manufacturing streets
  • filled with signs that read 'Save our
  • jobs and bring back our future.' News
  • networks broadcast images of laid-off
  • workers packing up their belongings
  • crying outside empty plants and pleading

  • 11:00
  • for someone to take action the American
  • working class already battered by
  • decades of outsourcing and automation
  • now faced a crisis unlike anything they
  • had ever seen in Washington DC the
  • pressure cooker threatened to explode
  • emergency meetings stretched late into
  • the night as policymakers scrambled to
  • craft rescue packages and stimulus plans
  • proposals flew back and forth subsidies
  • for struggling car companies
  • governmentbacked loans tax breaks for
  • domestic buyers but none of it could
  • address the fundamental problem the
  • American auto industry had been cut off
  • from a massive piece of the global
  • market and no amount of internal support
  • could replace the lost revenue the Trump
  • camp pushed a bold narrative they argued
  • that this short-term pain was a
  • necessary step toward long-term
  • independence they claimed that by
  • standing firm America would force the EU
  • to back down and open up fairer trade
  • terms but with every passing day that

  • 12:02
  • hope seemed more distant european
  • leaders showed no signs of yielding in
  • fact they doubled down introducing even
  • more barriers to American exports and
  • strengthening their alliances with other
  • nations it was a highstakes poker game
  • but America was holding a losing hand
  • and everyone at the table knew it
  • meanwhile American automakers were being
  • forced to make impossible choices some
  • companies announced drastic costcutting
  • measures slashing research budgets
  • cancelling new model releases and laying
  • off tens of thousands more workers
  • others looked at shifting production
  • overseas just to survive a bitter irony
  • for an industry that had once symbolized
  • American pride the few that managed to
  • stay afloat did so by pivoting to
  • electric vehicles and domestic sales but
  • progress was slow and riddled with
  • setbacks the transition required years
  • time that many struggling companies
  • simply didn't have wall Street analysts

  • 13:00
  • began using a new term autoap apocalypse
  • it captured the sense of irreversible
  • collapse that was sweeping through the
  • sector entire supply chains unraveled
  • major parts suppliers filed for
  • bankruptcy logistics companies
  • specializing in auto transport slashed
  • their workforces even tech firms that
  • built smart car systems and autonomous
  • vehicle technologies suffered as their
  • biggest clients bled out before their
  • eyes the auto industry wasn't just in a
  • slump it was in freef fall as markets
  • tumbled fear infected the broader
  • economy construction projects were
  • delayed or cancelled due to uncertainty
  • retailers braced for a collapse in
  • consumer spending airlines who relied on
  • business travel connected to auto
  • contracts and conventions slashed routes
  • and laid off workers the financial shock
  • waves of the auto crash were no longer
  • contained they were shaking the very
  • foundation of America's economy amid
  • this chaos Trump's political opponents
  • seized the opportunity they painted him

  • 14:01
  • as reckless impulsive and unprepared
  • they accused him of gambling away the
  • livelihoods of millions in a doomed
  • fight as election season approached the
  • battle over the auto collapse became the
  • central issue dominating debates rallies
  • and headlines but for the average
  • American the political shouting matches
  • meant little they were too busy trying
  • to keep food on the table scrambling to
  • find new work and wondering how
  • everything had unraveled so quickly and
  • yet in the background something even
  • more dangerous was brewing intelligence
  • agencies detected subtle movements among
  • America's rivals nations that had long
  • resented America's economic dominance
  • saw an opportunity to strike they formed
  • new trade alliances worked to isolate
  • the US even further and plotted to take
  • advantage of the turmoil what had
  • started as a targeted EU move against
  • the US auto industry was now evolving
  • into a full-blown global power shift one

  • 15:01
  • that could change America's role in the
  • world forever with factories silent
  • markets bleeding and workers desperate a
  • chilling realization began to sink in
  • this was no longer just a trade dispute
  • it was a battle for survival and America
  • was dangerously close to losing the
  • storm hitting America's auto industry is
  • just the beginning what happens next
  • could reshape the entire economy the
  • balance of global power and the future
  • of millions of American families every
  • decision made now every policy signed
  • every deal negotiated will ripple across
  • the next generation as the pressure
  • builds and the stakes climb higher one
  • question remains will America find a way
  • to fight back before it's too late or
  • are we watching the fall of an empire in
  • real time stay connected stay informed
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