The Clark Howard Podcast
04.07.25 On Car Tariffs / 23andMe - Privacy Action Required
Apr 7, 2025
The podcast dives into the economic implications of auto tariffs, offering guidance for car buyers in a changing market. It discusses the recent bankruptcy of 23andMe and stresses the importance of deleting personal data. Insights on using rental services like Turo for test driving vehicles are shared, alongside strategies for managing high-yield savings accounts. Additionally, the show addresses the complexities of ambulance insurance and provides tips to protect aging loved ones from financial scams.
37:26
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Quick takeaways
- Auto tariffs could lead to higher vehicle prices and disrupt the automotive market, impacting both new and used car demand.
- 23andMe's bankruptcy necessitates immediate action from users to delete their genetic data and protect their privacy from potential misuse.
Deep dives
Impact of Tariffs on the Automotive Industry
Tariffs on vehicles can significantly disrupt the automotive market and lead to higher prices for consumers. While tariffs may aim to stimulate domestic production, they can also result in reduced innovation within the industry, making the U.S. an unattractive market for automakers. Models that rely less on domestic components, such as those from foreign manufacturers, may face steep price increases, which could dissuade consumers from purchasing them. As vehicle prices rise due to tariffs, the demand for used cars is expected to increase, driving up those prices as well.
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