Why The U.S. China Trade War Is Bad For Tesla (But Not All EVs)

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Right now, the U.S. and China are engaged in an ongoing war of rhetoric (and tariffs) which could result in Chinese goods being heavily taxed in the U.S. and U.S. goods being equally heavily taxed by Chinese authorities.

At the heart of the tariffs is the automotive industry. It will will suffer increased raw material costs in the U.S. thanks to American import tariffs on Chinese steel and aluminium, as well as import tariffs on any vehicles sent to China. Unfortunately for the plug-in world, California company Tesla is likely to suffer the most.

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