Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Tesla is recalling over 1.8 million vehicles in the US due to a software failure that may not detect an unlatched hood, according to the National Highway Traffic Safety Administration (NHTSA). An unlatched hood could fully open and obstruct the driver's view, increasing the risk of a crash.
Tesla has begun rolling out an over-the-air software update to address the issue, which will detect an open hood and alert drivers. The recall affects certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, all equipped with a hood latch produced in China by Magna Closures Co Ltd.
The company started investigating customer complaints of unprompted hood openings in certain Model 3 and Model Y vehicles in China in March. Although fewer incidents were reported in Europe and North America, Tesla initiated engineering studies in these regions last month and decided to issue a recall.
This recall is Tesla's largest since December last year, when it recalled 2.03 million US vehicles to install new safeguards in its Autopilot system. Following reports of 20 crashes involving vehicles with the new Autopilot update, the NHTSA has opened a probe citing "several concerns."
Tesla recently posted its worst quarterly profit margin in over five years, highlighting the company's struggle to boost auto sales amid slowing demand.
Key Takeaways:
- Tesla is recalling over 1.8 million vehicles in the US due to an unlatched hood issue.
- An unlatched hood can obstruct the driver's view, increasing crash risk.
- Affected models include 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y.
- Tesla is rolling out a software update to fix the detection issue.
- The recall follows previous large-scale recalls, including a significant Autopilot system update last year.
- The NHTSA is probing Tesla's Autopilot system following crash reports.
- Tesla recently reported its lowest quarterly profit margin in over five years.
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