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Date
Summary
Mark Zandi: Tariffs Mean ‘Higher Prices and It Means Fewer Jobs,’ So ‘Buckle In’
Subjects
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
CNN News Central
Name: CNN News Central
URL: https://www.cnn.com/
Persons
Mark Zandi
, Kate Bolduan
Name: Mark Zandi
Employment: Moody’s Analytics
Position: Economist
Name: Kate Bolduan
Employment: CNN
Position: Correspondent
Event
Event location
–
Link
–
Original recording
Uploaded
03/27/2025 08:07 am
Owner
Alex (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:01:32
Views
3
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0
Transcript
BOLDUAN Joining us right ░░░░░░░░ is Mark Zandi the ░░░░░░░░ Economist for Moody s ░░░░░░░░ It s good to ░░░░░░░░ you Mark Thank you ░░░░░░░░ coming in 20 five ░░░░░░░░ tariffs coming for cars ░░░░░░░░ basically all cars since ░░░░░░░░ also applies to car ░░░░░░░░ What is this going ░░░░░░░░ mean What s your ░░░░░░░░ on what people need ░░░░░░░░ be preparing for ZANDI ░░░░░░░░ Kate it means higher ░░░░░░░░ and it means fewer ░░░░░░░░ I mean on the ░░░░░░░░ price side you know ░░░░░░░░ lot of moving parts ░░░░░░░░ a lot of uncertainty ░░░░░░░░ I think if the ░░░░░░░░ are imposed as articulated ░░░░░░░░ stay in place by ░░░░░░░░ time next year the ░░░░░░░░ car price will be ░░░░░░░░ between 5 000 and ░░░░░░░░ 000 more So you ░░░░░░░░ right now the average ░░░░░░░░ price is 50k So ░░░░░░░░ means you re going ░░░░░░░░ be paying 55k to ░░░░░░░░ as a result of ░░░░░░░░ tariffs And then I ░░░░░░░░ expect that it s ░░░░░░░░ to cost jobs You ░░░░░░░░ see retaliation we just ░░░░░░░░ the Canadians talk about ░░░░░░░░ Other countries will respond ░░░░░░░░ doubt And that means ░░░░░░░░ S manufacturers are going ░░░░░░░░ have trouble selling what ░░░░░░░░ produce to those countries ░░░░░░░░ it ll cost jobs ░░░░░░░░ you don t really ░░░░░░░░ to go too far ░░░░░░░░ to see this If ░░░░░░░░ go back to President ░░░░░░░░ s first term and ░░░░░░░░ at what happened with ░░░░░░░░ activity jobs and prices ░░░░░░░░ tariffs resulted in the ░░░░░░░░ of damage that I ░░░░░░░░ talking about So and ░░░░░░░░ we re talking about ░░░░░░░░ higher tariffs So I ░░░░░░░░ in I think this ░░░░░░░░ higher prices and fewer ░░░░░░░░
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