Bloomberg Tech Tesla Emerging as Tariff Winner, Crypto Welcomes Paul Aktin for SEC Chair
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Mar 27, 2025 The impact of President Trump's 25% tariff is reshaping the auto industry, giving Tesla and Rivian an edge over foreign competitors. Luminar's CEO discusses a game-changing tech deal with Caterpillar, expanding into the industrial automation market. Meanwhile, the crypto world buzzes with excitement as progress accelerates, contrasting the past four years. The potential nomination of Paul Atkins as SEC chair raises questions about the future balance between crypto growth and regulation.
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EV Tariff Winners
- Tesla's U.S. production gives it a tariff advantage.
- Rivian also benefits, but traditional automakers face higher costs.
Tariff Targets
- Trump's tariffs aim to rebalance trade relationships.
- Taiwan's semiconductor industry, vital for companies like NVIDIA and AMD, might be affected.
Tesla's Exposure
- Tesla has some tariff exposure, despite U.S. production.
- Their component sourcing still involves international suppliers.