On "What's Moving Your Money with Spencer Hakimian," Spencer breaks down the effect of the 15% tariff rate on Japan and a similar rate that could be imposed on the EU, and explains why domestic car production could actually incur higher tariff rates than that of rival vehicles made overseas.

Read the full story on Forbes:

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected

Forbes newsletters: https://newsletters.editorial.forbes.com

Forbes on Facebook: http://fb.com/forbes

Forbes Video on Twitter: http://www.twitter.com/forbes

Forbes Video on Instagram: http://instagram.com/forbes

More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.