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Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so


//automotive-transportation.news-articles.net/co .. any-companies-but-elon-musk-s-tesla-less-so.html
Published in Automotive and Transportation on by Reuters   Print publication without navigation

As the global auto world reeled from the potential fallout of Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla .

The article from MSN discusses the potential impact of former President Donald Trump's proposed auto tariffs on various companies, with a particular focus on how Tesla, led by Elon Musk, might be less affected. Trump has suggested imposing a 10% tariff on all imported goods and a 200% tariff on imported cars from China, aiming to protect U.S. manufacturing. While these tariffs could significantly disrupt the automotive industry, Tesla's unique position might shield it from some adverse effects. Tesla already manufactures vehicles in the U.S., reducing its reliance on imports. Additionally, Tesla's CEO, Elon Musk, has a history of navigating trade tensions, having previously shifted some production to China to avoid tariffs. This strategic flexibility, combined with Tesla's growing domestic production capacity, could mitigate the impact of new tariffs on the company compared to other automakers more dependent on international supply chains and imports.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/trumps-auto-tariffs-will-hit-many-companies-but-elon-musks-tesla-less-so/ar-AA1BMr9n ]

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