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Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
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The scale of the damage depends on the circumstances of each company’s supply chain.
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Fury at Elon Musk emerges as vandalism, protest and buyer’s remorse.
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President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.
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Leaders in both countries warned that tariffs would fan inflation in the United States and upend global supply chains.
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The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers.
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The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.
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As the billionaire and his allied groups pour more than $20 million into a race for the state’s top court, his car company is suing Wisconsin over a law restricting vehicle sales.
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Japanese automakers, initially optimistic about some of President Trump’s policies, are reckoning with potentially devastating U.S. taxes on foreign-made cars.
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The city-state, where it costs up to $84,000 just for the right to own a car, is one of the most expensive places to drive. That is by design.
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More than 80 Teslas were damaged in Hamilton, Ontario, the police said, amid other acts of vandalism against the company owned by Elon Musk.
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The recall of about 46,000 vehicles includes all models that were manufactured from November 2023, when the Cybertruck was first produced, through February.
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The attorney general echoed remarks by President Trump, as protesters against Elon Musk and his efforts to shrink the government have defaced and destroyed Tesla vehicles.
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New car prices could increase $4,000 or more, according to one estimate. And used cars could also rise in price. “It’s a crazy situation for consumers,” an expert said.
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President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.