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Elon Musk warns effect from Trump tariffs is 'not trivial' for Tesla

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Anywhere from 20% to 25% of a Tesla's value in dollar terms originates from components sourced in Mexico, according to official U.S. data.
Elon Musk has expressed concerns over the potential impact of former President Donald Trump's proposed tariffs on Tesla, stating that the effect would be "not trivial." Trump has suggested implementing a 10% tariff on all imports and a 60% tariff specifically on Chinese goods if he were to return to office. These tariffs could significantly increase the cost of production for Tesla, which relies on a global supply chain. Musk highlighted that while tariffs might protect some domestic industries, they could also lead to retaliatory measures from other countries, potentially harming U.S. companies like Tesla that have significant international operations and supply chains. This situation underscores the complex interplay between trade policies and global business operations.

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[ https://www.msn.com/en-us/money/markets/elon-musk-warns-effect-from-trump-tariffs-is-not-trivial-for-tesla/ar-AA1BN6Mu ]