Except we are not going to have cheap batteries and solar in the USA and never ever cheap EVs Remember how tariffs were called "asinine" when the last administration did them? Next year tariffs will double the price of batteries and solar imports, except there's no domestic production to even compete at that high price. Oh semiconductors are going to double in price too in 2025, buy soon. https://www.theverge.com/202…
Let’s say I have a widget. I sell it for $10, and it cost me $1 for me to produce. There’s a 25 percent tariff, which is 25 cents. Now I sell the item for $10.25 to pay for the tariff.
If the tariff goes up to 100%, that now means that I need to raise the price of the product to $11 to pay for it.