00:00Now, many automotive companies are facing huge uncertainty since President Donald Trump announced 25 percent tariffs on car imports to the U.S.
00:12What do you make of the U.S. president's taxes and how damaging could they be?
00:19Look, this was this was not a surprise. The tariff was not a surprise.
00:23We know that, you know, the U.S. market, which is one of the largest market, probably the second largest market in the world, was importing much more car than exporting.
00:35And this has to be balanced. The president of the United States decided to balance it by imposing tariff, which mean making importing cars a little bit less competitive in the United States.
00:47So you have to deal with this. This is a reality. You can't escape the reality. You cannot whine about it.
00:53You cannot just blame this or that. You just have to reassess your strategy of your sourcing strategy in function of that.
01:01And by the way, a lot of car manufacturers, particularly Japanese car manufacturers, are already reallocating their production in taking in consideration the tariffs that have been imposed by the U.S. president.
01:17So you have to deal with the U.S. president of the U.S. president of the United States.
