President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
Elon Musk’s involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
La empresa dirigida por el hombre de confianza del presidente Trump fabrica en el país todos los coches que vende en Estados Unidos y estará exenta de aranceles sobre los vehículos terminados.
The company led by President Trump’s confidant Elon Musk builds all the cars it sells in the United States domestically and will be exempt from tariffs on finished vehicles.
Hyundai already makes cars in the United States, in Georgia and Alabama.
Makers of a vast array of American products are weighing the risks, and potential payoffs, of the sweeping tariffs the president has promised on April 2.
More than 80 Teslas were damaged in Hamilton, Ontario, the police said, amid other acts of vandalism against the company owned by Elon Musk.
Automakers looked forward to his return to the presidency only to find themselves struggling under the weight of his tariff threats.