WASHINGTON - US President Donald Trump on March 26 announced plans for long-promised tariffs of up to 25 per cent on automotive imports, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.
This piece of news just received.
Tesla will probably not be taxed in the US. But this will also mean that the countries that will be hit by this new car tariff will target Tesla as it us now synonymous with the Trump administration.
This won't be net neutral. As it is, many Americans are boycotting Elon Musk. Now, much of the rest of the world will effectively ban Teska too.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
