US President Donald Trump announced a 25% tariff on auto imports and parts. “What we’re going to be doing is a 25 percent tariff on all cars that are not made in the United States,” Trump said, as he signed the order in the Oval Office on March 26. The tariffs take effect on April 3 and apply to foreign-made cars, light trucks, and key auto parts. Responding to the development, Tesla CEO and Trump ally Elon Musk said that “this will affect the price of parts in Tesla cars that come from other countries”. Musk referred to a post by Tesla Owners Silicon Valley @teslaownersSV which said that “Trump imposes 25% tariff on all cars not made in the United States. Tesla could benefit the most on this.”
What Elon Musk said on Donald Trump’s 25% import tariff announcement on auto parts
Musk clarified stating “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial.”
https://x.com/elonmusk/status/1905102546063991237
President Donald Trump announced plans to impose tariffs on additional goods, including pharmaceuticals, noting that most drugs available in the U.S. are manufactured abroad, primarily in China and Ireland.
On reciprocal tariffs, Trump stated that the U.S. would not necessarily match the exact levels set by trading partners but emphasized that no country would be exempt.
“We’re going to make it to all countries, and we’re going to make it very lenient,” he said. “I think people are going to be very surprised. It’ll be, in many cases, less than the tariff that they’ve been charging us for decades.”
He added that the U.S. would be “very fair” and “very nice” in its approach, despite what he described as unfair treatment by other nations.
