Candidate for Canadian prime minister pledges to target Tesla vehicles with 100% tariffs
Published On Feb 13, 2025, 7:06 AM
A candidate for Canadian Prime Minister, Chrystia Freeland, has announced plans to impose a 100% tariff on Tesla vehicles as a retaliatory measure against U.S. tariffs. Freeland, who aims to replace Justin Trudeau, emphasized that her approach is to target important stakeholders in the U.S. to exert pressure. Other Canadian politicians support this aggressive trade stance against what they describe as economic bullying by the Trump administration.
Stock Forecasts
TSLA
Negative
The announcement of a 100% tariff on Tesla vehicles could significantly increase the cost of Tesla cars in Canada, likely leading to reduced sales figures for the company in that market. If implemented, this measure could discourage Canadian consumers from purchasing Tesla vehicles, resulting in a possible decline in Tesla's stock price as investors react to potential loss of revenue.
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