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President Trump imposes 25% tariff on imported cars, impacting Tesla and other automakers.
US President Donald Trump announced a 25% tariff on all imported cars, starting April 2, which will significantly impact Tesla, despite the company's US base.
Tesla CEO Elon Musk confirmed on social media that the tariffs will raise the cost of foreign-made parts, potentially increasing vehicle prices.
The tariffs are expected to affect the entire auto industry, leading to stock drops for companies like General Motors, Stellantis, and Ford.
4 weeks ago
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