Summary
Germany vows not to “give in” as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers’ shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
The tariff applies to all imports, including budget options from Japan and Korea. It’s not just about luxury vehicles, and I have a feeling it’s meant partly to reduce competition for Tesla.
Don’t worry, Tesla will raise their prices too, because of the other tariffs on the electronics (and because they can).
And they’ll still have a devil of a time selling them
They couldn’t give me a Tesla.
Trump turning the White House lawn into a Tesla dealership to help their declining sales should have been a clue for what was to come.