- American Automotive companies will benefit from revised NAFTA tariffs and subsidies from the Inflation Reduction Act.
- These have been updated by the Biden Administration and will put a significant strain on foreign imports.
- Electric vehicles will be subsidized and those made in North America will benefit the most.
- European companies are not meeting the requirements of the NAFTA tariffs, so they will struggle to compete with American Automotive.
- The Biden Administration is likely to continue with punitive tariffs, meaning foreign imports will become increasingly scarce in North America.
link to original vlog published December 23, 2022: https://www.youtube.com/watch?v=OG1q9gdxDq0
