Copper tariff is a big blow to EVs
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 14 July 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
Goldman’s out-of-consensus picks
Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon, today is Monday, July 14th, and I'm your host, Kim Khan. Our top story so far, |
| 0:15.2 | Wells Fargoe dove into the implications for the auto sector of the Trump administration imposing a 50% |
| 0:20.5 | tariff on copper imports from select countries with the stated sector of the Trump administration imposing a 50% tariff on copper imports from |
| 0:22.2 | select countries with the stated goal of protecting domestic industries and addressing trade imbalances. |
| 0:28.0 | Additional tariffs on auto imports and auto parts, particularly from Japan, South Korea, |
| 0:32.5 | and other major trading partners, are set at 25% and may take effect August 1st unless new trade agreements are reached. |
| 0:39.4 | Analyst Colin Langen highlighted that copper is essential for wiring, motors, and battery components. |
| 0:44.6 | He noted that higher copper prices due to tariffs will directly increase manufacturing costs for |
| 0:49.1 | automakers, especially those producing electric vehicles, which require more copper than |
| 0:53.4 | internal combustion engine vehicles. |
| 0:55.8 | Langan said that the erratic nature of tariff policy has introduced price volatility and uncertainty, |
| 1:00.9 | causing automakers and suppliers to delay capital purchases and inventory restocking. |
| 1:05.8 | While U.S. automakers may be able to pass some increased cost to consumers, |
| 1:09.6 | foreign automakers could see a significant |
| 1:11.4 | decline in demand due to higher prices, potentially losing market share in the States. |
| 1:16.1 | On a broader scale, higher vehicle prices could dampen consumer demand, especially as discretionary |
| 1:21.0 | spending, is already pressured by inflation and rising interest rates. |
| 1:24.5 | In response to the copper tariff threat, automakers are expected over time to accelerate |
| 1:29.0 | efforts to source copper and other materials domestically or from countries with favorable |
| 1:33.5 | tariff agreements to mitigate tariff impacts. Among active stocks, Autodesk is one of the biggest |
| 1:38.9 | gainers in the S&P on a report that it no longer is considering an acquisition of Boston-based |
... |
Transcript will be available on the free plan in 6 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.