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Latin Times
Latin Times
National
M.B. Mack

Tesla Expected to Come Out on Top With Trump's Car Tariff as Musk Insists 'Impact is Still Significant'

While President Donald Trump's 25% car tariff is expected to raise costs for most automakers, Elon Musk's Tesla stands to gain due to its U.S.-based production. (Credit: FREDERIC J. BROWN/AFP VIA GETTY IMAGES)

Tesla is expected to be one of the few beneficiaries of President Donald Trump's newly announced 25% tariff on imported cars and light trucks, even as CEO Elon Musk warns that the impact on his company is still "significant."

Upon returning to the White House, Trump reignited global trade tensions by imposing a broad range of tariffs, including new duties on automobiles set to take effect next week, according to Reuters.

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