The MeidasTouch Podcast Trump TANKS US AUTO with Plan as SHARES PLUMMET
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Nov 28, 2024 The discussion reveals how Trump's proposed tariffs are wreaking havoc on the U.S. auto industry, leading to plummeting shares and job losses, especially among white auto workers who once supported him. There's a deep dive into the implications for electric vehicles, detailing how policy shifts could impact costs and international trade. The podcast also addresses the misinformation surrounding EV initiatives, contrasting current administration strategies with those of the past, and raises concerns about economic repercussions in U.S.-Mexico automotive relations.
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Trump's Tariffs Threaten Auto Industry
- Donald Trump's proposed tariffs threaten the US auto industry, impacting shares and jobs.
- Mexico and Canada may impose retaliatory tariffs, hurting shared industries like auto manufacturing.
Oil Companies vs. EVs
- Oil companies supporting Trump aim to stifle the electric vehicle (EV) industry to maintain oil demand.
- This move threatens new EV manufacturing plants and jobs in states like Michigan, Ohio, and Wisconsin.
NLRB's Authority Challenged
- Elon Musk and Jeff Bezos challenged the National Labor Relations Board's (NLRB) authority.
- This legal battle could impact workers' rights and protections under a Trump administration.