US President Donald Trump imposed a 25 per cent tariff on all foreign-made cars, stating he “couldn’t care less” if automakers raise prices for Americans, as it would benefit US manufacturers. Trump announced the tariff on imported cars and light trucks starting April 3, with a delay for car parts from Mexico and Canada while adjustments are made. Despite concerns from auto executives and stock drops, Trump remains committed to increasing US production and supporting the American auto industry by keeping the tariffs in place.
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‘India a hot market but…’: Tesla says 100% car tariffs make customers anxious
Tesla, led by Elon Musk, views India as a promising market but is hindered by a 100% import tariff on automobiles, causing customer anxiety regarding vehicle pricing. CFO Vaibhav Taneja noted the company is evaluating its entry timing, as Tesla has made steps like securing showroom locations and advertising job openings, while also importing a Model Y vehicle for shipping purposes. Despite discussions with Indian officials to reduce tariffs, local manufacturers oppose any reductions, complicating...
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