Cramer's Morning Take: Auto Tariffs & Inflation 3/28/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 28 March 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm Jim Kramer and you're about to hear a sample taken directly from today's |
| 0:06.5 | CBC Investing Club morning meeting. |
| 0:08.5 | One of the things that I know in the first minute is we are really struggling here and |
| 0:13.4 | we're struggling because President Trump has made it so that there's just, we have to |
| 0:19.7 | almost wait to this day to find out what happens with the tariffs. |
| 0:23.6 | There's just too much unknown. |
| 0:25.1 | Yeah, April 2nd, Liberation Day when the reciprocal tariffs are expected to come on. |
| 0:30.8 | Yeah, I mean, look, we started this week with some optimism that maybe tariffs will be targeted, |
| 0:36.6 | not as broad. Things really turned around in the |
| 0:39.7 | middle of the week after the president announced these auto tariffs, which is really, you know, |
| 0:45.7 | is causing some pain here in the market. According to the journal, he's telling the automakers |
| 0:51.4 | do not raise prices, do not pass through these higher costs. |
| 0:55.2 | There's no ability to do that unless there's a presidential order. |
| 0:58.9 | Yeah, that's true. |
| 1:00.3 | That's true. |
| 1:00.9 | But we're, that's like issuing a law which says that the Dow Jones can't go below 500. |
| 1:06.2 | I mean, I think that what will happen is just that the disparity between what the Germans have to pay, |
| 1:11.8 | and what we have to pay is so great that the Germans would be cut out of this market. |
| 1:16.0 | Just be cut out. |
| 1:17.0 | Yeah, just a lot of uncertainty. |
| 1:18.2 | I don't think the PCE numbers helped the case. |
| 1:21.2 | You did have inflation. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

