The provision allowed products less than $800 to enter the U.S. without duties and inspection, and was widely used by e-commerce sites like Temu and Shein.
President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk appetite vanished in a flash.
The EV maker's stock closed Wednesday higher after reports suggested CEO Elon Musk — who has been actively engaged with the Trump administration on efficiency initiatives — would return full-time to his businesses soon.
Wall Street extends gains on Wednesday, as investors remain resilient in their risk appetite despite the looming announcement of sweeping trade tariffs by President Donald Trump.
Following the worst quarterly performance for U.S. stocks in over two years, caution dominated Wall Street as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
n recent months, several retailers have flagged potential risks to their business from the tariffs and said they were working with suppliers or moving sourcing elsewhere to keep prices in check.
Trump said on Wednesday that the newly announced duties could be neutral or even beneficial for Tesla, adding that Musk did not advise him on auto tariffs.
Piper Sandler analyst Alexander Potter noted that Tesla saw 17,400 vehicle registrations in China last week, marking its strongest weekly result of 2025.
Chipotle Honey Chicken (CHC) is driving demand, while new equipment retrofits at stores may now cost less than what the company previously estimated, the research firm said.
