ilmscore | Frozen Car Market - Rising Delinquencies, Flat Sales, and Election Impact

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Topic
Status
If former President Trump is elected, he may impose significant tariffs (100-200%) on cars manufactured in Mexico, which could lead to car manufacturing returning to the United States.
"former President Trump has talked about imposing tariffs on car manufacturers if you're manufacturing your cars in places like Mexico. So, what does that mean? If hypothetically, President, former President Trump is elected and he imposes these tariffs because he's talked about imposing 100% even 200% whatever it takes tariffs to stop car manufacturers from manufacturing the cars in Mexico, then that would mean that we're bringing car manufacturing back to the United States."
Car Manufacturing Tariffs
Pending
Increased car manufacturing in the US due to tariffs would likely raise production costs, potentially increasing car prices.
"But that also means that the cost to manufacture the car would likely go up as well because an employee in the United States is more expensive than an employee in Mexico. So that could mean that the production of the car becomes more expensive. You have more jobs in America, but the production of the car could become more expensive, which could potentially push up the price of cars."
Car Manufacturing Costs
Pending