Here's What Rivian's CEO Just Said About Trump's Tariffs

American automakers are reeling after President Donald Trump imposed a 25% tariff on vehicles and parts imported from Mexico and Canada. The high tariffs mean the prices on millions of vehicles sold in the U.S. could increase.Making matters worse is that Trump's trade war with China has escalated to the point where China is now restricting the export of rare-earth minerals to the U.S. These materials are used for a wide range of high-tech applications, including batteries and magnets for electric vehicles (EVs).Recently, Rivian Automotive (NASDAQ: RIVN) CEO RJ Scaringe highlighted these difficulties in an interview with Fox Business. Here's what he said about Trump's tariffs and their impact on the EV industry.Continue reading

Apr 17, 2025 - 12:46

Here's What Rivian's CEO Just Said About Trump's Tariffs

American automakers are reeling after President Donald Trump imposed a 25% tariff on vehicles and parts imported from Mexico and Canada. The high tariffs mean the prices on millions of vehicles sold in the U.S. could increase.

Making matters worse is that Trump's trade war with China has escalated to the point where China is now restricting the export of rare-earth minerals to the U.S. These materials are used for a wide range of high-tech applications, including batteries and magnets for electric vehicles (EVs).

Recently, Rivian Automotive (NASDAQ: RIVN) CEO RJ Scaringe highlighted these difficulties in an interview with Fox Business. Here's what he said about Trump's tariffs and their impact on the EV industry.