Why a New Nafta Deal Could Mean More Expensive Automobiles

The video discusses the implications of trade deals in North America on relations with China, focusing on the national security case for a 25% tariff on automobile imports. It highlights the complications for U.S. automobile makers and potential trade tensions with the EU and Japan. The discussion also covers the likelihood of tariffs on European cars and the resulting costs for consumers.

What is the significance of the changes made under the agreement with Mexico regarding automobile restrictions?

In what ways could the new automobile tariffs be costly for consumers?