For many countries, the reprieve from President Donald Trump’s eye-watering global tariffs, which were first announced on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end.

EV prices could go up by as much as $1,000 thanks to the Trump administration’s decision to impose a 93.5 percent tariff on graphite imports from China. Tesla lobbied against the levy, arguing that US-based graphite producers aren’t prepared to supply the essential battery material “at the quality and purity required by Tesla and other battery cell manufacturers.