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Schwab Network

Tariff Impacts on Auto Manufacturing, Investing Abroad

9 min22 juli 2025

Ian Wyatt explains the Fed’s rock and a hard place as it is under pressure to lower rates while inflation remains above its target. Inflation is driven by labor costs, in his argument. In his work with the auto sector, he’s seeing significant impact from tariffs as companies scramble to change manufacturing and shipping practices. Ian thinks the economy is still growing with positive momentum, but slowly. With that in mind, he covers the state of the labor market and consumer health.


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