Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans, source says
Source: Reuters
Exclusive-Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans, source says
Reuters
Tue, April 15, 2025 at 9:35 p.m. EDT 3 min read
SHANGHAI (Reuters) -Tesla's plans to ship components from China for Cybercab and Semi electric trucks in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, said a person with direct knowledge.
The move could disrupt Tesla's plan to start mass production of the much-anticipated models, which its CEO Elon Musk has been touting to investors as major innovations providing growth momentum of the U.S. automaker.
Tesla was ready to absorb the additional costs when Trump imposed the 34% tariff on Chinese goods but could not do so when the tariff went beyond that, leaving shipping plans suspended, said the person, who declined to be named as the matter is private.
Trump raised additional tariffs to 84% on April 9 and has since increased that to 125%, bringing the total tariffs on Chinese goods exported to the U.S. to 145%.
-snip-
Read more: https://ca.finance.yahoo.com/news/trumps-tariffs-chinese-parts-cybercab-013543979.html
= new reply since forum marked as read
