Yes exactly.
I thought so about Hyundai and KIA being in a better place to withstand US tariffs.
I am niot so sure though, if they could compete with an onslaught of cheaply priced Chinese EVs. The US car market is one thing, but the Chinese OEMs will flood the WORLD with their cheaply priced EVs. And eventually, these EVs will make it to US shores, tariffs or not.
But by that time, I fear a US civil war.
25% tariffs on aluminium alone is said to cost 100 000 US jobs
https://www.reuters.com/markets/commodities/alcoa-warns-trumps-aluminum-tariff-could-cost-100000-us-jobs-2025-02-25/
https://www.theglobeandmail.com/business/article-alcoa-warns-100000-us-jobs-at-risk-urging-tariff-exemption-for/#:~:text=American aluminum giant Alcoa Corp,tariffs on shipments from Canada.
Dont forget that Canada will have retalitory tariffs. And those will be targetted to Red States. And dont forget that Europe will strike with some sort of economc stresses of its own ON the US if Trump targets MORE European targets. 25% tariffs on some raw materials ALSO target Europe. NOT only Canada...
The MAGA voters, as MUCH as they follow the cult leader Trump, some of them WILL turn on him.
And those mouth breathers own guns. LOTS of them. What will Trump do? Attempt to take those away from them/
Eithr way, I see lots of doom and gloom...