Stocks have dropped an insane amount since the time that Trump was elected. It has gotten so bad people are now losing thousands on their assets. “

Increasing the tariffs on different cars, as well charging a 25% tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump said in a social media post Tuesday, also stating that those same cars can be manufactured in America. Trump’s plans are starting to cause panic and are putting prices upwards to 20% in MSRP.

Major automotive companies are looking for ways to get past the huge percentage of tariffs. Certain companies such as Toyota are increasing their inventory to reduce the cost of the tariffs, which, so far, is having a positive effect. Trump’s plan on upcharging these costs have affected a lot of lives, with many people’s assets in danger.

In conclusion, the plans taken into action have people and car manufacturers, as well as investors, concerned. These tariffs are ruining the economy; with this in mind, there are still upsides to this- for example, with the stock market getting crashed, there’s a higher chance for a bigger return, which can double investors’ money.