Squawk on the Street SOTS 2nd Hour: Tariffs Latest Ahead of Trump’s Remarks, Tesla’s Road Ahead, and Newsmax Shares Slump 4/2/25
Apr 2, 2025
Mark Fields, former CEO of Ford and Hertz, shares his insights on the automotive industry’s challenges amid fluctuating tariffs. He discusses Tesla's disappointing sales figures and how new tariff plans may impact all car manufacturers. The conversation dives into the competitive pressure from Chinese automakers and potential shifts in the market landscape. Fields also analyzes the broader implications of tariff policies on consumer prices, emphasizing the need for strategic adjustments within the industry.
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Tariff Impact Factors
- The market's and economic data's setup will determine the tariffs' impact.
- The degree of tolerable pain, CEO confidence, and consumer sentiment are key factors.
Market Outlook
- The US stock market is the best globally, despite recent momentum trade unwinding.
- Fear-based decisions should be avoided; faith in fundamentals is key.
Tesla and Tariffs
- Tesla's sales were down, but its second quarter will be telling.
- Automakers could indicate tariff surcharges on sticker labels for transparency.