The US electric vehicle market is set to see a correction following the end of federal subsidies. The policy turnaround delays the uptake – but ultimately, we don't think it will change the future or the long-term direction of travel
U.S. President Donald Trump is due to appear shortly at the White House Rose Garden for a "Liberation Day" ceremony where he is expected to announce sweeping tariffs that could escalate a trade war and upend the global economy. Trump has kept the world guessing ahead of the 4 p.m. ET event about the details of the new tariffs, which are expected to prompt countermeasures from trading partners.
Tesla shares surged after this year's steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this year to buy into the EV maker.
