Part 10/14:
Global Trade and Tariffs
The Biden administration plans to impose a 25% tariff on imports from Mexico, mainly targeting automakers like GM, Ford, Nissan, and Toyota. These measures aim to address border issues related to migration and drug trafficking, though their economic impact is debated. Elon Musk has publicly acknowledged that such tariffs could temporarily harm Tesla but ultimately may benefit the company relative to competitors due to differentiated supply chains and manufacturing strategies.