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Tesla Bull Says There Are 'No Winners' With Trump's Auto Tariffs, Calls It 'Pure Chaos' For Global Supply Chains

Benzinga LogoBenzinga2d ago

Tesla Bull Says There Are 'No Winners' With Trump's Auto Tariffs, Calls It 'Pure Chaos' For Global Supply Chains - Benzinga

Quick Summary:

What Happened: Wedbush Securities likens it to an ‘armageddon’ for the auto industry and its ancillaries, warning that there are ‘No Winners’ with such tariffs, which only serve to increase costs and complexities for the entire industry.

While the markets have made their stance clear on this, with the S&P 500, Nasdaq, and the Dow witnessing consecutive weekly declines, there is reason to believe that the new global trade paradigm will be considerably worse than what most people anticipate.

Leading analysts are not mincing their words for US President Donald Trump’s new 25% tariff on all imported cars and car parts.


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Article Details

Author / Journalist: Vishaal Sanjay

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 08:56:35 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27468671

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 22 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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