Bloomberg Analyst
Appearances
PBD Podcast
Zelenskyy Oval Office Meeting, Trump Tariffs In Effect, Epstein Files Update | PBD Podcast | Ep. 556
So basically, Anderson Economica took a look at certain vehicles that are North American assembled. I mean, they're built in Canada, Mexico, the U.S., but they also use a number of parts from various regions. And a number you said is $12,000 for a particular battery electric crossover. That's how much the price would go up if these tariffs are implemented, I guess, tomorrow.
PBD Podcast
Zelenskyy Oval Office Meeting, Trump Tariffs In Effect, Epstein Files Update | PBD Podcast | Ep. 556
It also found that a pickup... A pickup, a gas-powered pickup would go up by $8,000. And then they found a small car around $3,600. So these are various different actual cars that they anonymized, and they actually did the analysis. The crazy part is it doesn't even include the cost of steel and aluminum tariffs. That's not even part of this analysis.
PBD Podcast
Zelenskyy Oval Office Meeting, Trump Tariffs In Effect, Epstein Files Update | PBD Podcast | Ep. 556
This is just based on what Trump is saying and how automakers could try to work around what they'd have to... pay more money for in terms of components. So it's not exactly a good thing for them. I mean, not good for consumers either, because those are going to mostly pass down those costs to the consumers MSRP. So pretty inflationary there.
PBD Podcast
Zelenskyy Oval Office Meeting, Trump Tariffs In Effect, Epstein Files Update | PBD Podcast | Ep. 556
For the automakers part, they're lobbying to say, hey, if you're going to do this to us, why not do this to the South Korean automakers and the Japanese automakers who are not being tariffed as heavily? And they don't make any of their cars in the U.S., right? So that's sort of the give and take. They're the balancer.
PBD Podcast
Zelenskyy Oval Office Meeting, Trump Tariffs In Effect, Epstein Files Update | PBD Podcast | Ep. 556
It's sort of part of the negotiation between the automakers, the Commerce Department, and Trump at this point.