The industry is pressuring the Japanese government to take steps to head off any additional duties.

The tariffs were set to disrupt a third of car production in North America within a week.

Tesla’s weakening numbers in China, the world’s biggest auto market, are in stark contrast to BYD, whose sales were up 161% year-on-year.

Mexico continued to attempt to negotiate with the Trump administration right up to the deadline. Canada swore to introduce retaliatory tariffs.

The long-promised tariffs scheduled to take effect March 4 would easily be among the most sweeping of the Trump era, applying to roughly $1.5 trillion in annual imports.

As recently as five weeks ago, a ton of steel was selling for less than $700. But by this week, prices were as high as $1,000.

"The EU wasn’t formed to screw anyone," Polish Prime Minister Donald Tusk wrote on X February 27.

Adding FTZ or bonded warehousing capabilities can have a huge impact for 3PL providers, particularly in areas with high volumes of international trade.

U.S.-based companies are also likely to suffer because of reciprocal tariffs imposed by America’s trading partners in retaliation, threatening profit from exports. 

On top of grappling with a punishing environment for EVs, Nikola also dealt with weak sales and cycled through CEOs in the wake of a fraud scandal.