World Business Report
Trump targets the auto industry in new tariffs
Mar 26, 2025
US President Donald Trump discusses his newly announced tariffs on foreign-made cars, aiming to boost domestic manufacturing. He shares insights on potential benefits and challenges for American automakers, while examining effects on global trade relationships. The podcast also touches on the recovery efforts following the Francis Scott Key Bridge collapse, with plans for a new structure set for 2028. Additionally, the conversation shifts to the booming Marvel Cinematic Universe as it gears up for its latest production, Avengers: Doomsday.
26:28
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Quick takeaways
- Trump's newly announced 25% tariff on imported cars aims to revitalize U.S. manufacturing but may significantly increase vehicle prices for consumers.
- The uncertainty surrounding the implementation of these tariffs has negatively impacted investor confidence, leading to declining stock prices in major automotive companies.
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