President Trump's plan to add taxes (called tariffs) on cars imported to the U.S. could affect the price of some valuable metals! These metals, platinum and palladium, are used in car parts. It's a bit like a chain reaction.
- Tariffs make imported cars more expensive.
- People might buy fewer cars because of the higher prices.
- This means less need for platinum and palladium, which are used in many car parts.
| Metal | Demand Change Prediction |
|---|---|
| Platinum | Down 1% (about 102,000 ounces) |
| Palladium | Down 4% (about 364,000 ounces) |
Since the news, platinum and palladium prices have dropped! This shows how news about the economy can quickly affect prices of things we use every day.
