Some news overnight ICYMI:

• Ford has ceased the exports of several vehicle models to China in response to the retaliatory trade tariffs imposed by China, which have reached 150%, reported the Wall Street Journal
• the suspension affects exports of the F-150 Raptor pickup truck, Mustang sports car, Bronco SUV, and Lincoln Navigator, which are manufactured in Michigan and Kentucky

Also, some layoff news from the US, Volvo/Mack trucks:

• 250-350 will be laid off from the Mack Trucks plant in Macungie, Pennsylvania
• along with 50-100 people from the Volvo/Mack powertrain plant in Hagerstown, Maryland
• “Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,” a Volvo spokesperson told abc27 News. “We regret having to take this action, but we need to align production with reduced demand for our vehicles.”

There will be a lot more of this to come, there is so much pain ahead for the real economy.

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This guy says China is not going to miss buying F150s:

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