Squawk on the Street Trump Auto Tariffs Effect, Big AI Bets, IPO Watch: Nvidia-CoreWeave Connection 3/27/25
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Mar 27, 2025 The podcast dives into President Trump's hefty tariffs on foreign vehicles and their heavy impact on automakers. Tesla shines amidst the turmoil, while the auto industry's dependence on overseas parts is dissected. AI takes center stage as CoreWeave prepares for an IPO, raising questions about revenue potentials and market challenges. Microsoft's data center capacity cuts are analyzed alongside rising demand from tech giants. Lastly, discuss concerns over national debt and personal investment strategies, including a focus on Bitcoin and gold.
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Trump's Tariff Goals
- President Trump's tariffs aim to revitalize U.S. auto manufacturing.
- He believes the U.S. has become merely an assembly hub for foreign cars.
UAW Support and Cramer's Stance
- The UAW supports tariffs, aligning with Trump's stance.
- Jim Cramer expresses his long-held disapproval of free trade.
Automation Concerns
- Phil Lebel's report on a Hyundai plant highlighted increased automation.
- This raises concerns about the future of jobs, even with reshored manufacturing.