Oh.. didn't realize.. here, watch this:
I watched Kris video, and he is correct, Toyota will not raise prices in short term and will focus on absorbing the costs for suppliers that could get hurt and go belly up.
No parts, no vehicles.
Toyota market cap is well over $200 billion, that is worth more than the big-3 combined. Only Tesla tops Toyota in market cap, but I think they are overvalued. Toyota is a huge manufacturer; they can weather some tariffs in short run until retaliatory measures kick in.
Tariffs upset the current trajectory and status quo. The current trajectory of this nation is visiting fly over rust belt towns and cities that have been left behind when industry abandoned them. Does not look pretty.
So, the wealthy lost 5% of their massive stock portfolio's this week. I live in one of the poorest counties in my state, and the sun still came up and went down. Nothing changed in our direction, yet.
I do work for an actual U.S. manufacturer with a campus of 1,500 American workers. We make Speed Queen washer machines, both residential and commercial. We sold all of our deliveries in April and our larger commercial units have seen a spike in sales. We are busy, and more OT is coming. Just like with covid nonsense, we never stopped and were busy round the clock with orders.
We source parts globally, we know the drill.
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