Elon Musk warns effect from Trump tariffs is ‘not trivial’ for Tesla

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Elon Musk warns effect from Trump tariffs is ‘not trivial’ for Tesla
Tesla and SpaceX CEO Elon Musk and US President Donald Trump shake hands as they attend the men's NCAA wrestling competition.

Tesla CEO Elon Musk imports at least 20% of the value of each of his U.S.-built vehicles from Mexico. These parts are now subject to steep import duties following Wednesday’s tariff announcement by the president.

Brendan Smialowski—AFP via Getty Images