Franco Ordonez
👤 PersonAppearances Over Time
Podcast Appearances
Well, one of the big winners are the auto unions. The United Auto Workers Union, for example, is praising this decision, saying it's time to, quote, end the free trade disaster. But the big three automakers, Ford, General Motors, and Stellantis, are very concerned. They have production spread out across the world, including Canada and Mexico. And the cars and the parts are going to be tariffed.
Well, one of the big winners are the auto unions. The United Auto Workers Union, for example, is praising this decision, saying it's time to, quote, end the free trade disaster. But the big three automakers, Ford, General Motors, and Stellantis, are very concerned. They have production spread out across the world, including Canada and Mexico. And the cars and the parts are going to be tariffed.
You know, they've raised big concerns in the past when these threats were posed. And a group that represents foreign automakers like BMW, Honda has also raised concerns that it's all just going to make it more expensive to produce cars and lead to higher prices.
You know, they've raised big concerns in the past when these threats were posed. And a group that represents foreign automakers like BMW, Honda has also raised concerns that it's all just going to make it more expensive to produce cars and lead to higher prices.
You know, they've raised big concerns in the past when these threats were posed. And a group that represents foreign automakers like BMW, Honda has also raised concerns that it's all just going to make it more expensive to produce cars and lead to higher prices.
Yeah, Trump's already imposed a bunch of other tariffs on steel and aluminum, as well as other goods from China, Canada, and Mexico. And these new tariffs come just a week ahead of his promised announcement of reciprocal tariffs on imports, which he says are furthest countries that impose tariffs on the U.S. But he did yesterday back off a bit on how tough those reciprocal tariffs will be.
Yeah, Trump's already imposed a bunch of other tariffs on steel and aluminum, as well as other goods from China, Canada, and Mexico. And these new tariffs come just a week ahead of his promised announcement of reciprocal tariffs on imports, which he says are furthest countries that impose tariffs on the U.S. But he did yesterday back off a bit on how tough those reciprocal tariffs will be.
Yeah, Trump's already imposed a bunch of other tariffs on steel and aluminum, as well as other goods from China, Canada, and Mexico. And these new tariffs come just a week ahead of his promised announcement of reciprocal tariffs on imports, which he says are furthest countries that impose tariffs on the U.S. But he did yesterday back off a bit on how tough those reciprocal tariffs will be.
Yesterday, he said people may be surprised that they're going to be more lenient than they once feared. He also did say, though, to expect tariffs on lumber and pharmaceuticals.
Yesterday, he said people may be surprised that they're going to be more lenient than they once feared. He also did say, though, to expect tariffs on lumber and pharmaceuticals.
Yesterday, he said people may be surprised that they're going to be more lenient than they once feared. He also did say, though, to expect tariffs on lumber and pharmaceuticals.
Yeah, he really does love tariffs. He says that all the time. I mean, he argues that they're an important tool to be used for leverage on things like national security and other U.S. interests. But you're absolutely right. Most economists say tariffs raise prices for consumers, and that could hurt the economy. Trump often uses them as a negotiating tool, and that has really made economists
Yeah, he really does love tariffs. He says that all the time. I mean, he argues that they're an important tool to be used for leverage on things like national security and other U.S. interests. But you're absolutely right. Most economists say tariffs raise prices for consumers, and that could hurt the economy. Trump often uses them as a negotiating tool, and that has really made economists
Yeah, he really does love tariffs. He says that all the time. I mean, he argues that they're an important tool to be used for leverage on things like national security and other U.S. interests. But you're absolutely right. Most economists say tariffs raise prices for consumers, and that could hurt the economy. Trump often uses them as a negotiating tool, and that has really made economists
even more worried. And that's because of the uncertainty that they cause. And you see that in the markets. Now, in some cases, he says these tariffs will go away if countries do things that he wants, like help him with immigration. But this time, he says he's serious and that these car tariffs are here to stay. All right, we'll see.
even more worried. And that's because of the uncertainty that they cause. And you see that in the markets. Now, in some cases, he says these tariffs will go away if countries do things that he wants, like help him with immigration. But this time, he says he's serious and that these car tariffs are here to stay. All right, we'll see.
even more worried. And that's because of the uncertainty that they cause. And you see that in the markets. Now, in some cases, he says these tariffs will go away if countries do things that he wants, like help him with immigration. But this time, he says he's serious and that these car tariffs are here to stay. All right, we'll see.
Thanks, A.
Thanks, A.
Thanks, A.