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Tesla’s plans to ship components from China for Cybercab and Semi electric trucks in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, said a person with direct knowledge.
The move could disrupt Tesla (NASDAQ:TSLA)’s plan to start mass production of the much-anticipated models, which its CEO Elon Musk has been touting to investors as major innovations providing growth momentum of the U.S. automaker.
United States President Donald Trump claimed that the US is collecting record amounts in tariffs, while prices on key items are falling. Trump also stated inflation is declining, calling it part of his record of keeping campaign promises.
"The United States is taking in RECORD NUMBERS in tariffs, with the cost of almost all products going down, including gasoline, groceries, and just about everything else. Likewise, INFLATION is down. Promises Made, Promises Kept!" he wrote on Truth Social.
美國智庫彼得森國際經濟研究所（PIIE）主席、經濟學家亞當·波森（Adam S. Posen）早前就曾發文指出，特朗普自以為是一場相當於越南戰爭的經濟戰爭的「升級主導者」，但實際上中國才是真正的主導者。美國在減少對中國產品的依賴之前就展開貿易戰，幾乎注定失敗，且代價慘重。他說：「華盛頓，而不是北京，正在把所有賭注押在一手必輸的牌上。」
The Boeing Company revealed on Wednesday an 18% surge in its revenue for the first quarter of fiscal 2025 to $19.4 billion. The growth is attributed to a steady rise in jet production and deliveries. During this period, Boeing reported delivering 156 commercial planes and 26 jets for its Defense, Space, and Security divisions.
Boeing's net loss narrowed significantly in the first quarter of fiscal 2025, decreasing from $355 million to $31 million. Basic loss per share stood at $0.16
The White House is reportedly considering slashing tariffs on Chinese imports from a baseline rate of 145% to 50%-65%, a senior White House official told the Wall Street Journal.
Stocks soared on Wednesday as relief swept Wall Street amid hopes of an off-ramp from the weeks-long trade battle with China.
The comments prompted some strategists to suggest that the president may now be watching and taking into account market reaction to his policies more so than he did previously. The Trump administration had previously asserted they weren't watching the stock market amid a massive sell-off.
"Trump's recent comments around Powell, his soothing words around China, all tell you that Trump is starting to 'feel the market,'" Renaissance Macro head of economics Neil Dutta wrote.