Jim Kramer says that the tariff of cars is inevitable because Joe Tsai from Alibaba says that the Chinese EVS may eventually be exposed to them: “More than half of the cars sold here are imports – alibaba Gr Hldgs (NYSE: BABA), Global x Outonomous OpenCLes ETF (NASDAQ: DRIV)

After the president Donald Trump The definitions on auto manufacturers clarified on car companies that are compatible with USMCA rules last week. Jim Kramer In the X.

What happened: The Trump administration provided one -month exemption for auto companies after the United States, Mexico and Cananga agreement, which was negotiated during its first term. These included auto parts, accessories and other suppliers products along with completed vehicles.

As a one -month rest, companies helped move to their business plans, Cramer said that “the customs tariff for cars were expected”, as more than half of the cars that are sold in the United States are imports and that the definitions on them are very small.

Trump was talking about his protectionist policies before taking office. Kramer hinted that these definitions were inevitable.

Aside from this, while speaking at the CNBC event, Live, in Singapore, President Ali Baba Group ADR contract Popeand Joseph Tsey He also admitted that “everyone is concerned about the definitions.”

He pointed out that even if Trump’s tariff strategy is just a negotiating tactic, there is still a strong possibility of targeted definitions on Chinese electric cars. Tsai also suggested that this could be an attempt to protect the American auto industry from possible competition.

See also: Joseph Tsai from Ali Baba says, “Everyone is concerned about the customs tariff”, where the fees are expected on the Chinese EVS

Why do it matter: While foreign car makers Volkswagen and Stelantis Nv Stla The USMCA rules were complied with one month, BMW did not meet the exemption standards.

“Big 3” car manufacturers, which you included General Motors Company General Motorsand Ford Motor Company and And Kirisler, who is now part of Stelantis, was also exempt from importing parts.

However, regardless of the customs tariffs on cars and auto parts, on Wednesday, the Trump administration imposed a comprehensive tariff on steel and cars, which will also affect the U.S. auto makers in the European Union, which were affected by this recent tariff, within hours imposing on American exports.

Glenn StevensAnd Michauto CEO, the Association of Automobiles, Mobility and Technology criticized Trump’s threat to Canada to close the automobile industry. He said that the customs tariff was “hindering and destroying the free trade bloc, which is currently working as USMCA.”

Price work: the SPDR S & P 500 ETF TRUST spy and Investco QQQ TRust ETF QQqThat follows the S&P 500 and NASDAQ 100 index, respectively, on Wednesday. according to Benzinga Pro Data, the spy increased by 0.53 % to 558.87 dollars, and QQQ also offers 1.13 % to 476.92 dollars.

Meanwhile, on Wednesday, the three auto industry was exposed to the circulating investment funds.

• The first confidence of Nasdak Transport ETF ftxr 0.24 % decreased.
• Global X Outlonment and Electric Ope Driving 0.36 % increased.
• Ishares Self-Driving EV and Tech Etf Idrv 0.064 % decreased.

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