Trump TANKS US AUTO with Plan as SHARES PLUMMET

so now Donald Trump is tanking the US. Auto industry shares and the big auto. manufacturers are down significantly on. the threat of the Trump tariffs 25% on. Mexico and Canada an additional 10% on. China that Trump says will be imposed on. day one this uh post stood out to me so. here's the sequence of events I guess of. the white Auto worker Trump voter be a. white Auto worker have Democrats help.

secure historic contracts for you have. Trump say your job could be done by. children and that you're picketing for. the wrong reasons you vote for Trump you. get promised Trump tariffs which he lies. to you and claim is a tax on the foreign. country which it's not you lose your job. and historic pension benefits the. headline there was General Motors shares. extend their decline to about 7 9% and.

so Donald Trump threatened tariffs and. then Claudia shinal the president of. Mexico threatened retaliatory tariffs. and in her letter to Donald Trump she. pointed out that General Motors and. other major US auto. manufacturers are have major factories. in Mexico and so you're only going to be. screwing your own companies get to more. of that in a moment we also have a bunch. of things happening right now so number.

one it's the Trump tariffs and. retaliatory tariffs threatened by Mexico. and potentially Canada and China uh as. well um you also have and we reported on. this earlier as well uh the uh oil. tycoons who supported Donald Trump when. they were saying drill baby drill well. they've now confessed that actually the. supply of oil actually exceeds the. demand and as we had previously reported. under the Biden Administration.

there was more oil production than ever. uh in the history of the United States. and we were energy independent and also. from a geological perspective we pretty. much have searched most of the areas. where you can drill baby drill so all of. this claim there going to be millions of. more barrels that are going to be. extracted each day was always a lie but. here's now what the oil companies want. to do they want to make sure that Donald. Trump kills the electric vehicle. industry kill all EVS kill any kind of.

tax rebate programs just kill EVS why. because you can then artificially their. view uh inflate the demand for oil to. match the supply and they can make. record profits if you take away um. future uh the future of of automobiles. which is EV and so many of the um the. new manufacturing plants uh that we've. seen pop up in Michigan Michigan Ohio.

Wisconsin elsewhere have been based on. the growth of EV in America leading the. world uh in that so you see general. motor shares uh down as well um you see. uh stellantis shares down as well um. it's what I just referenced over here. Trump throwing American Auto Workers. under the bus already and why Harold ham. and oil billionaire has been discussing. the 7500 credit with Trump transition.

team the growth of electric vehicles. poses a threat to the oil and gas. industry and even though there's been. more uh again oil drilling under Biden. than in the history of the United States. and far more than under the first Trump. Administration they want Congress to. repeal the 7500 electric uh vehicle tax. credit um here Steve Ratner reports. researchers estimate that if Trump. succeeds in repealing the electric. vehicle tax credits e vehicle sales.

could drop. 27% a major disruption to the American. Auto industry which has invested heavily. in the switch to Electric which also. meant more jobs America was leading the. world in that there's another article. right here three Auto stock sliding on. Trump tariff concerns shares of Ford. General Motors and stellantis are all. moving lower today so all of those kind. of trump Auto Workers um and I know a.

lot of people were wearing like the fake. Auto worker shirts but a lot of Auto. Workers voted for Donald Trump against. their interests against their Union. against their own. contracts you're likely going to be laid. off a higher probability of being laid. off and also any any idea that you're. going to get protection from the. National Labor Relations Board the. nlrb look Elon Musk two weeks ago was. arguing with Jeff Bezos in front of the. Supreme Court in front of the fifth.

circuit eventually they're going to take. it to the Supreme Court that um the. National Labor Relations Board doesn't. even have authority to adjudicate cases. that it really shouldn't even exist so. what do you think the Trump policy is. going to be on the National Labor. Relations Board. where created by FDR was a forum for. your grievances just going back to this. article the auto sector is taking a hit. today after Donald Trump announced his. lative tariff plans which include the. 25% tariff on goods from Mexico and.

Canada higher than the proposed blanket. Tariff of up to 20% in All Imports. investors are considering the. interdependence of the Auto industry. throughout North America particularly. the sale of Auto Parts through complex. Supply trains today we're taking a look. at how the Detroit big three are fairing. after the news and um they are down uh. significant percentages also European. automakers also have big presences in um.

United States in various States they're. suffering as well and they may have to. shut down their factories also what. isn't talked about a lot but but should. because this is all interrelated C if uh. the the auto parts get more expensive. guess what also has to Rise Auto. Insurance because the insurance uh. claims will be more expensive so auto. insurance goes up which means your rates. go up so I did a previous video about.

how mortgage rates are now going up. because of the Trump tariffs but auto. insurance is going to go up as well this. is from Bloomberg business auto. insurance is poised to become even more. expensive under Donald Trump's plan to. impose new tariffs on top us trading. partners here's the story about 60% of. replacement parts to fix cars in the US. are imported so that will be impacted by. the tariffs Trump announced more tariffs. on us trading partners this week auto. insurance is poised to become even more.

expensive under president-elect Donald. Trump's plan to impose new tariffs on. the top us trading partners that's the. thing dud these are our partners these. are our allies so Trump's day one move. is let's screw Canada and Mexico our top. trading partners goes on to say about. 60% of replacement parts used to repair. cars in the US are imported mainly from. Mexico China and Canada said Bob pasmore. a vice president for the American.

Property Casualty Insurance Association. new tariffs would increase the cost of. Parts which account for about 40% of the. average total repair bills borne by. insurers and would prompt them to. eventually increase rates he said a. broad tariff on Auto Parts would create. a problem it would definitely have an. impact Passmore said in in an interview. ultimately the cost of claims is the. primary driver of what we pay for. insurance in 2023 the average premium. jumped about 20% on average according to.

the insurance information Institute. we've dealt with inflation and auto. parts and skilled labor since the supply. chain tightening during covid which. Donald Trump was responsible for um. Jerry Thor Director of Finance Insurance. trade policy of R Street said those. subcomponents of inflation have Abad. only recently but we can expect now that. the Ripple effects from potential. tariffs could weigh even more on the. budgets of car owners as long repair.

Times May force them to rent Vehicles. sometimes a lot of people don't carry. rental reimbursement coverage and so. they pay for those out of their own. pocket so um expect the rates to go up. there as well prize pick is the best way. to get action on Sports in over 30. States including California Florida. Georgia and Texas priz piic is the only. real money daily fantasy platform with. an injury insurance policy so that your. lineups stay in play even if one of your. players gets injured If your player.

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Midas to get $50 instantly after you. play your first $5 lineup prize picks. run your game I previously reported how. um the president of Mexico Claudia Shin. Bal uh wrote a letter to Donald Trump. warning that they'll impose retaliatory. tariffs here's what she says. specifically about uh automakers she. goes for every tariff there will be a. response in kind until we put at risk.

our shared Enterprise you see what she's. saying there that's the threat for every. tariff there will be a response in kind. until we put at risk our shared response. you screw us we're screwing you we're. going to go right and back at you she go. say yes shared for instance among. Mexico's main exporters to the United. States are General Motors stellantis and. Ford which arrived in Mexico 80 years. ago 80 years ago why impose a tariff. that would jeopardize them such a.

measure would be unacceptable and would. lead to inflation and job losses in both. the United States and. Mexico here's this guy right here um who. you've seen the uh the magga host on. MSNBC here one of the things his name is. Joe Kieran one of the things that he's. saying too now he's like don't a lot of. things have to now fall into place the. right way if we don't want to get. inflation to go back up right now I mean. this was Donald Trump's biggest champion. listen to what he's saying here here. repl this clip you think that with all.

these different crosscurrents that that. were you know tariffs were announced or. on day one he's going to try and do some. of these things yeah but did you read. what he announced and why I think this. is very important yeah with the. immigration and Sentinel and immigration. of so what are you saying with all these. I'm just wondering and with uh you know. Scott Besson said he's going to get the. tax cuts extended and do the T no tax on. tips do all those things don't a lot of. things have to go right for us not to.

reignite inflation and scare the bond. market and wouldn't you I'm surprised. the bond market keeps it's very strange. a 10- year yield keeps going down. because it's supposed to be at 5% by now. from fear of Trump no think of this one. of the things we've also seen uh. throughout the past four years or or. even before but it's just the the lies. that are used let me just show you the. anatomy here of some of the ways that. the Maga Republicans use to attack EVS. but you're ultimately attacking Amer cuz. you're attacking workers at EV plants by.

lying so this just a total lie this post. by Michael Ry because these lies just. spread like wildfire on Twitter Pete. Budaj will leave his post as. Transportation secretary having spent. 7.5 billion to build 8 EV charging. stations so then Don Jr Goes does not. seem like a great return on investment. but hey checked a woke box so it's. totally worth it so now that spreads. like wild fire right like that's.

everywhere that becomes the story so. Pete Budaj has to respond Secretary of. Transportation okay that tweet is false. like that's just a lie so then Elon Musk. chimes in and goes well please post the. rebuttal then Community notes will take. care of the rest in other words once the. LIE spreads then you disprove the lie. and then we'll put a community note once. all right-wing media has memd it and fox. has talked about it and everyone's. talking about it so Pete budajudge. responds he goes to start with 7.5.

billion has not been spent nor anything. like that that's the entire program. budget for the nevi program which is to. help build out the national charging. Network by 2030 secondly there are. Chargers now operational in nine states. which does not mean nine Chargers to be. clear these are only the first handful. though most are to be built in the. second half of the decade because it's a. plan through 203 30 third in this.

program the charges are built by the. states not the federal government and. while it takes time to get a novel. multibillion dollar program growing. across 50 states the states are on track. for anyone interested in this program. and where the Chargers are going here is. further data and a map and then Elon. Musk responds oh this is helpful to. understand but meanwhile there was just. the total attack on the EV industry let. me leave you with some of these images. right here this is what president Biden. posted back on November 13th of 2023.

instead of lower wages the United Auto. Workers won record gains instead of. fewer jobs the United Auto Workers. wanted commitment for thousand more jobs. instead of less involvement and. investment the United Auto Workers. encouraged American automakers to invest. $40 billion in the American Auto. industry it is a big deal Biden walked. on the picket lines and contrast Donald. Trump paid $20,000 to a nonunion shop.

and pretended it was a union shop and. had people who weren't even Auto Workers. where shirts that say Auto Workers for. Trump but nonetheless it worked there. was a lot of Auto Workers who voted for. Trump against their own interest and. we're seeing that now but I'll leave you. with this Shan feain the president of. the United Auto Workers Union um and. here's what he has to say he says um. Donald Trump is a scab and doesn't know. about the Auto industry listen to. what. uh president sha Fain had to say play.

this clip that's. right you know every time Donald Trump. gets a chance he trashes our Union and. he trashes the working. class he comes to Michigan he talks. about he's going to bring back the Auto. industry let me tell you. something Donald Trump doesn't know. about the Auto industry.

you know so I I leave you with that it's. it's wild to me that people would. literally vote against their jobs but. you know we're we're seeing it now I I. don't take pride in in that I don't want. to gloat just the reality anyway thanks. for watching hit subscribe let's get to. 4 million subscribers together love this. video make sure you stay up to date on. the latest breaking news and all things. midest by signing up to the midest touch. newsletter at mest touch.com neww SP.