On the surface, the Trump tariffs look like a disaster for Tesla, as they could lead directly to higher vehicle production costs. On one hand, this could lead to shrinking profit

Chinese stocks dropped after US President Donald Trump said he would impose an additional 10% tax on the Asian nation’s imports, a development that adds to investors’ worries about intensifying trade tensions.

US President Donald Trump threatened to double existing tariffs on China to 20% from next week, piling further pressure on the country’s beleaguered economy. Chinese stocks tanked after Beijing vowed to respond with “all necessary measures” against Trump’s plan.