00:00 Speaker A
If I was a CEO and I was running an auto company, how I would be thinking about this whether I would be breathing some giant sigh of relief or would I be thinking okay, I’m just going to listen, I I I was thrown something, I’ll take it.
00:23 Speaker B
Yeah, I mean, I think right now they’re going to be happy with anything that’s thrown their way because it’s a complicated um calculus that they’re all having to do, and anything certain, more importantly anything certain, something that’s going to be dictated and stay so that they can start to do some real financial planning around what might happen in the future. Um I can imagine that they’re happy about, but this particular break is again just on um the vehicles, the parts that are going into vehicles, just keep in mind that there has been no mention about vehicle parts that are coming into the country that would perhaps be for those that need to repair their vehicles. All of those parts still being imported would be theoretically hit with the full 25%, and that of course will matter to anyone who owns used vehicles or has a car that they might need to get repaired sometime soon. And then furthermore, there was some talk around not stacking. Well, theoretically, a car that’s coming in fully assembled may not have been subjected to the stacking tariff of steel steel and aluminum either ways, you know, so there’s not really a whole lot to give there either. So, it’s a little bit confusing. I’m anxious to see how the president actually um fills out some of the holes that we have right now. Uh we expect him to do that around 6:00 tonight, but it’s not overwhelming me with a lot of great news from a bottom line perspective.
02:25 Speaker A
If I’m if I’m running one of these car companies here, I’m running GM, I’m running Ford, bottom line, am I bringing back more manufacturing here to the States? Because that of course is Trump’s goal here, right? That’s what he wants.
02:47 Speaker B
Yeah, I mean, you know, we’ve said all along every automaker has been heavily invested in the United States, and we expect that there are going to be more investments in the country. It’s one of the largest automotive markets in the world. Um and we do anticipate that assembly might be more possible quicker. Um building up our parts supply chain here in the United States, that’s a little tougher um to imagine that we would be able to reshore as many parts of manufacturing that could really offset this whole tariff um imposition here. But should I expect to see more assembly coming into the United States? Sure. Um will it be again enough to really offset what the goals of the president really hopes to, you know, attempt by this? I’m I’m not sure that I think it’s going to be um a wash, if you will.