Today, Explained Tariffied
126 snips
Feb 4, 2025 The podcast dives into the escalating North American trade war, spotlighting Trump's tariffs, especially their effects on the auto industry. Companies are anxious as complexities arise in trade with Canada, Mexico, and China. There’s a focus on how tariffs could inflate vehicle prices and jeopardize manufacturers like GM and Ford. Also explored are the personal journey of a trade advisor and the push for financial literacy tools aimed at kids, promoting better money management from a young age.
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Auto Industry Integration
- The North American auto industry is deeply integrated across borders.
- A car manufactured in the US may have parts from over 20 countries, making tariffs complex.
Tariff Impact
- Increased vehicle prices due to tariffs hurt consumers.
- They also severely impact car companies' profits, potentially leading to job cuts and restructuring.
Tesla and Tariffs
- Tesla, despite producing mostly American-made vehicles, has been affected by tariffs.
- A 100% tariff on China-made EVs by Canada impacted Tesla's imports and stock value.
