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Trump signed an executive order imposing a 10% "minimum benchmark tariff" on all countries and levying reciprocal tariffs, with the EU facing 20%, Japan 24%, Vietnam 46%, and South Korea 25%. Tariff exemptions for goods under the USMCA will continue, while non-compliant tariffs remain at 25%. This news is bearish for the US dollar.
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Tesla's Q1 deliveries plummeted, marking the worst quarterly performance since 2022. This news is negative for Tesla.
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Indian automakers are lobbying to delay cuts in import tariffs on electric vehicles. This news is negative for new energy vehicle stocks.
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