Tariffs Could Cost US Automakers $46 Billion, BNP Says

Tariffs Could Cost US Automakers $46 Billion, BNP Says

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of tariffs on US car makers, focusing on cost distribution, consumer impact, and industry challenges. It highlights the potential price increase per vehicle due to tariffs and the strategies automakers might employ to mitigate these costs, such as shifting production back to the US. The discussion also covers the excess capacity in US plants and the negotiation strategies that could be used to address the tariff challenges.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated average price increase per vehicle due to tariffs?

$3,000

$2,900

$3,500

$2,500

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of the $2,900 price increase is attributed to supplier costs?

30%

50%

40%

60%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the automotive industry see growth in US sales in 2024?

Lower tariffs

Higher demand

Price discounts by OEMs

Increased production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average capacity utilization for US automotive plants?

55%

75%

85%

65%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cost if GM moves 300,000 vehicles from Mexico to the US?

$1 billion

$2 billion

$500 million

$3 billion