US electric vehicle industry is collateral damage in Trump’s escalating trade war

Elon Musk’s Tesla may be the least vulnerable EV maker under Trump’s tariffs—but the rest of the multibillion-dollar industry is collateral damage

President Donald Trump's tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk. Here's what consumers should know about the impact of tariffs on electric vehicles. Where does EV adoption stand in the U.S.? EVs accounted for about 8% of new car sales in the U.S. in 2024, according to Motorintelligence.com…

Tesla's shares fell by more than 4 percent at the start of this Friday's April 4th day and after the 'black Thursday' in the markets.

Passenger vehicle traffic at the Blue Water Bridge falls 23% in March, amid trade war

Passenger vehicle traffic at the Blue Water Bridge, which connects Michigan and the Sarnia area, was down 23 per cent in March compared to the same month last year amid an escalating trade war between the two countries.

U.S. President Donald Trump’s barrage of tariffs generated shockwaves in all aspects of the global economy, including the automotive sector, where billionaire plans to electrify the U.S. are especially at risk.

Trump's trade war stalls manufacturing investment

Dennis Darby, CEO of Canadian Manufacturers &ampamp; Exporters, talks about how manufacturers are coping in the uncertainty amid tariffs. Watch now

Donald Trump's new US tariffs put enormous pressure on the markets. Trump's "Custom Hammer" and the counter-reaction from China provide a veritable global stock market quake. Dietmar Deffner and Holger Zschäpitz talk about this and other topics.