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Prof G Markets

A Nightmare Tariff Scenario for the Auto Industry — ft. Tim Higgins

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 3 April 2025

⏱️ 55 minutes

🧾️ Download transcript

Summary

Ed opens the show by discussing Trump’s tariffs, xAI’s purchase of X, and OpenAI’s record-breaking funding round. Then Tim Higgins, Wall Street Journal columnist covering the automobile industry, joins the show to break down how the auto tariffs will impact the car industry and the broader economy. He shares his take on who stands to benefit from those tariffs, checks in on Tesla’s biggest challenges, and examines the competitive landscape of the self-driving and electric vehicle markets.  Vote for Prof G Markets at the Webby Awards Subscribe to the Prof G Markets newsletter  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

The Autopilot Order.

0:01.7

Now, informal.

0:02.9

The strong urge felt at the ordering kiosk or drive-through

0:05.6

that takes over the entire body and mind

0:07.8

and results in a person ordering a Big Mac without even having to think.

0:11.5

Related phrases.

0:12.5

Looks like I've ordered a Big Mac again.

0:14.6

The Autopilot Order at McDonald's.

0:18.0

Serves from 11am subject to availability.

0:21.3

If you think talking about finances in general is hard, try talking to your parents about money.

0:27.7

What you don't want to do is like, do you have any money? What's going on?

0:31.1

You don't want to come at them in a more adversarial way. Or, as I said, you don't want to come out like you're now the parent.

0:39.2

What to do about the ups and downs of your 401K?

0:42.6

If you, or someone you care about, plans to retire soon, that's on the next explain it to me.

0:48.4

New episodes every Sunday morning.

1:10.0

We don't know they're on this event they see. morning. Welcome to Prop. Welcome to Prof.G Markets. So Scott is out this week. He's on his grand college tour with his son. I believe they are in Chicago right now. They just visited Northwestern and UChicago. Fun time to be in the Galloway family. So I'm flying solo today, which means we're not starting with a joke. We're not starting with a dick joke. Many of you will probably be sad to hear that.

1:28.9

Many of you will probably be relieved to hear that.

1:31.9

We'll just be getting into the markets today.

1:34.1

Later on, I'll be speaking with Tim Higgins,

1:36.7

Wall Street Journal columnist covering the automobile industry.

1:39.7

We'll cover his thoughts on the winners and losers of the auto tariffs.

1:43.1

But before we do that, let's get into the headlines.

...

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