Tesla faces the aftermath of the US-China trade war

CNBC: Tesla Advocates for Waiver of Import Duties on China's Graphite to US to extend the privileges for the import of graphite into the country. The company made such a statement after it faced the consequences of the trade war between the United States and China, according to CNBC.

Tesla and a number of other American companies in the industrial sector asked the department to extend the benefits that allowed the import of parts and materials from China, which used for making or repairing cars. One of the biggest concerns for the automotive industry is customs duties. They appeared during the trade war with China, which was launched by the administration of former US President Donald Trump. The companies say tariffs are driving up vehicle prices, which have already risen amid problems with global supply chains. Specifically, Tesla is pushing for the elimination of customs duties on graphite, which it uses to make lithium-ion batteries for electric vehicles.