President Trump has imposed a 25% tariff on all imported cars and certain auto parts, significantly impacting the automotive market. This decision is expected to escalate the prices of both new and used vehicles across the United States. However, it may provide a competitive edge to Tesla, led by Elon Musk, who has been a major supporter of Trump. In related news, Trevor Milton, founder of the failed hydrogen trucking startup Nikola, has received a presidential pardon. The automotive industry is bracing for the financial repercussions of these developments.