Australians could win in Trump’s trade war on global car industry | The Business | ABC News

There are growing concerns United States tariffs on cars and trucks made outside the US, readied to be executed following month, will certainly upend global supply chains, and elevate rates on all automobiles including EVs in America. Donald Trump claims the tariffs will certainly be an internet neutral or perhaps positive for Tesla, because it has producing plants in the US. In recent months electric cars sales for Elon Musk’s company have actually dropped due to adverse sentiment around his political participation. However Pitcher Partners’ Steven Bragg claims Australian customers could be huge winners as more lorries make their method into the Australian market, in place of the United States, potentially maintaining down costs. Mr Bragg states the dominance of Chinese-owned BYD in Australia, comes down to its technology, as well as the speed and performance of its manufacturing process which has made its costs affordable.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE

ABC News offers around the clock coverage of information occasions as they break in Australia and abroad. It’s news when you want it, from Australia’s many trusted news organisation.

For more from ABC News, click on this link: https://ab.co/2kxYCZY
See much more ABC News material ad-free on ABC iview: https://ab.co/2OB7Mk1

Go much deeper on our ABC News In-depth network: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Adhere To ABC News on Instagram: http://instagram.com/abcnews_au
Adhere To ABC News on X (Twitter): http://twitter.com/abcnews

Keep in mind: In many instances, our inscriptions are auto-generated.

#ABCNews #ABCNewsAustralia