This Trump auto tariff is the biggest global Black Swan event since the pandemic.
Remember when "supply chain" constraints caused a spike in car prices during the pandemic? This tariff will have the same effect of causing imported cars to go up in price thereby creating a shortage of domestic cars. Domestic auto makers will raise prices commensurately.
This will be a $100 billion tax on the consumer that goes straight to the Cayman Islands for Trump's tax cut for his oligarch buddies.
