TARIFF TROUBLES – A Hudson native with a long career of risk management for major financial institutions can explain two reasons why President Trump’s massive new tariffs on autos and auto parts may not work as intended.
First, in the short term, the disruption will increase Americans’ car prices by an estimated $6,000 at a minimum, while also causing job losses.
Second, in the long term, multinational companies know they can raise prices, absorb any losses, and wait for a new president who might end the trade war—because it’s still cheaper than building new factories in the US, as Trump claims will happen under his plan.
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Video created: 2025-03-27T23:11:42.473Z
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