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A Nightmare Tariff Scenario for the Auto Industry — ft. Tim Higgins

Prof G Markets

CHAPTER

Liberation Day and Market Dynamics

This chapter explores President Trump's announcement on reciprocal tariffs, referred to as Liberation Day, and examines the U.S.'s historical tariff rates. It also critically analyzes the acquisition of Elon Musk's XAI and its implications for market perception and company valuation, particularly in the context of OpenAI's staggering $300 billion valuation. The discussion raises questions about branding tactics and investor sentiment amid evolving trends in the AI landscape.

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