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Ismail Botchway, a 17-year-old senior at the Collegiate School of Medicine and Bioscience, will never forget the October 24, 2022, morning when a former student entered the school and killed ....
Borders. so that would in turn make a $35,000 car anywhere from $1,500 depending on the tariffs and the percent of tariffs up to $3,500 more expensive. we re worried about increase in price. i don t think i ve met anyone that wants to pay more money for their car. you have to pass those on to the consumer, right, in order for you to be able to to offset the cost, the tariffs, correct? absolutely, the manufacturer would pass them on to the dealer and the dealer would of course have to pass them on to the end user. so you say it has taken this is a quote from you. it has taken 30 years for the auto industry to be a global player. you cannot turn into a domestic player. tell me what you mean by that, brad. well, i think, as you know, 25% of the vehicles sold in america are manufactured abroad. that s at a baseline. and 70% of the components are made on a global basis. the industry obviously had quite ....
The big impact is on people with limited amount of resources. those who have least amount of money in our society will have to make a choice. do i buy the fresh produce, the avocado or tomato or something that costs less money. the president says, larry, that it s not a tax. but you said it goes this eventually goes to the folks who can least afford it or with the limited more limited amount of resources. does this really become a tax for them? feels like it s a tax. going to increase the cost of food. everything that s grown in mexico will have a 5% increase in the costs to the wholesaler distributor and that will get passed on to the consumer. larry, i m going to thank you, brad, thank you as well. we appreciate both of you coming on and just behind the scenes, a little look at larry s ranch ....
Tariffs from the trump administration and mexico, and billions of dollars of tariffs already in place on products from china, two major industries feeling the heat here and it could end up affecting all of us, i m talking about the cars we drive, the food we eat from farms. tonight i m joined by two people who know all about that, okay, brad sowers is an auto dealer from st. louis and then there s larry jacobs, a farmer who owns farms in both the u.s. and in mexico. gentlemen, i m so happy to have you on so let s let you have the floor here and talk. brad, i m going to start with you, okay, you have a chevy dealership, you sell about 350 cars a month, average price $35,000. can you walk me through what happens to the prices of these cars if tariffs go into effect. certainly. so in this particular case on the chevrolet models 17% of the models are actually manufactured in the mexico environment, or country as well as components, ....