Trump’s 25% US Auto Import Tariff Takes Effect, Upping Costs

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President Donald Trump’s 25% tariff on US auto imports took effect on Thursday in a move expected to dramatically increase costs and upend industry supply chains.

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White House Rejects Recession Fears | Balance of Power: Early Edition

White House Rejects Recession Fears | Balance of Power: Early Edition

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the continued market selloff despite a strong March US payrolls report. On today’s show, Chair of the White House Council of Economic Advisers Stephen Miran, Republican Congressman and Chairman of the House Financial Services Committee French Hill, Democratic Congressman Glenn Ivey of Maryland and IonQ CEO Niccolo De Masi. (Source: Bloomberg)

Prices Will Go Up, Volume Down: Bozzella on Auto Tariffs

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John Bozzella, President & CEO of the Alliance for Automotive Innovation, states that prices will go up and volume will come down when sharing his thoughts on President Trump announcing 25% auto tariffs last week along with additional tariffs on steel & aluminum. Bozzella talks about how the President’s tariffs may impact car companies wanting to create factories in the United States, and if companies will eventually decide not to sell in America. Bozzella speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power: Late Edition.” (Source: Bloomberg)