Thomas Koval

CEO of Legera Technologies, an automotive parts supplier discussing the impact of tariffs on his business.

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Mar 4, 2025 • 21min

Trump's Tariffs Cause Chaos in Auto Industry

Thomas Koval, CEO of Legera Technologies, shares insights on the chaos created by Trump's tariffs on automotive parts. He discusses how the 25% tariffs on goods from Mexico and Canada threaten the supply chain crucial for U.S. auto manufacturing. Koval highlights the financial pressures faced by businesses, the potential for increased car prices, and the need for strategic inventory management. With job investments at stake, he emphasizes the urgent call for policy stability in the industry.