The Rundown Mexico Quickly Reacts to Trump Tariffs, OpenAI Launches New AI Agent
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Feb 3, 2025 The podcast dives into the immediate fallout from Trump's tariffs, spotlighting the impact on the stock market and industries like automobiles and alcohol. The conversation shifts to the potential ramifications for Mexico's beer and tequila sectors, alongside the decline of cryptocurrencies. Listeners learn about OpenAI's launch of a new research tool for ChatGPT Pro users, emphasizing the need for accuracy. The segment concludes with an intriguing trade involving Luka and the Dallas Mavericks, sparking curiosity about the sports world.
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Tariff Fallout
- Trump's tariffs on Canada, Mexico, and China caused market instability.
- Mexico agreed to border security measures in exchange for a one-month tariff pause.
Auto Industry Impact
- Automakers are significantly impacted by tariffs, with GM being the hardest hit.
- Automakers might raise prices or bring manufacturing back to the US.
Alcohol Industry Impact
- Alcohol imports/exports between the US, Canada, and Mexico will be affected by tariffs.
- Canada retaliated by removing American alcohol from stores, impacting US liquor exports.