The US has implemented a 25% tariff on imported auto parts, potentially increasing vehicle prices and repair costs. This move, part of Trump's push for domestic manufacturing, has far-reaching implications for car owners.
The White House condemned Amazon's plans to reveal tariff costs imposed by Trump, calling it a 'hostile act' and criticizing the company's past ties to China. Amazon's stock fell 2.2% following the announcement.
Tesla has raised serious concerns to the Trump administration over ongoing tariffs, warning of potential retaliatory actions that could impact their competitiveness. The electric automaker urges a reevaluation of trade policies to consider supply chain issues and avoid harmful tariffs on essential components.
