US Imposes 50% Tariffs on Steel and Aluminum, Impacting EVs and Imports
The US has imposed a 50% tariff on steel and aluminum used in EVs and exhaust systems, affecting 407 product categories, amid ongoing trade tensions. Additionally, Tesla faces a class action lawsuit over self-driving claims, Ford and SK On seek buyers for excess EV battery supply, and other automakers are exploring new battery technologies and aftermarket upgrades.
