President Trump abruptly announced on Wednesday that he would pause big hikes on tariffs for most countries for 90 days, except for China.
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Bully says no punching from anyone else when he realizes this fight will be hard.
Well he’s using Putin’s playbook, so no surprises.
And somehow Tesla stock is up 20% and I’m pretty sure that they are dependent on imports from China for … something, batteries? Only the most expensive component of the car?
Tesla makes a lot of its own batteries, and some from CATL in China. When Biden changed the EV tax credit to only cover cars with US batteries, Tesla was one of the few that could meet it immediately.
Raw materials mostly do not come from the US, though.
