it would be an increase on the prices for anyone in America who tries to import and drive electrical vehicles made in China, Joe Biden has already set an stunning 200% percent tariff on those EVs, which is good for Tesla and Elon Musk, if Trump wins those tariffs will get up to 500% or more and the stock value of Tesla will continue to increase because of that.
They will have a bigger impact on American made cars, since they are full of materials and components imported from other countries that we have agreements with. Plus, those countries will respond with Tariffs of their own which car makers will have to offset by raising prices at home.