This podcast episode discusses the impact of President Trump's 25% tariffs on imported goods from Mexico and Canada on the US auto industry. The episode features interviews with Thomas Koval, CEO of Legera Technologies, and Mike Colias, a Wall Street Journal reporter covering the auto industry. Koval describes the immediate challenges and uncertainty faced by parts suppliers due to the tariffs, including increased costs and the need to build up significant inventory. Colias explains the widespread disruption across the auto supply chain, highlighting the complex cross-border movement of parts and the potential for significant price increases for consumers. The tariffs are estimated to add $3,000 or more to the average price of a new car. The episode concludes by emphasizing the uncertainty and instability within the industry due to the unpredictable nature of the tariffs.
