History Repeats Itself? 1930s Tariffs vs Today’s Auto Tariffs
Schwab Network · Schwab Network
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Show Notes
Sandra Cho and David Liu give their thoughts on auto tariffs. They discuss the uncertainty around the exact rate or the amount that car prices will rise. David sees short-term increases especially. Sandra says history could repeat itself, citing the 1930s where tariffs drove the economy deeper into recession. She also talks about how many manufacturers make the parts for a single car in multiple countries, meaning that a percentage of the car would be subject to tariffs.
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