Why Tesla needs to worry as China escalates the trade war
The U.S.-China trade war drags on and the latest salvo is China slapping $75 billion in new tariffs on U.S. goods—including automobiles.
Curiously, the direct impact of China’s decision on the auto industry is limited because the global car business is very local. That makes the new tariffs a macroeconomic problem, not necessarily a car problem. Of course, auto stocks aren’t going up today on this news. And tariffs are a bigger issue for smaller volume car producers.
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