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In early February, he added an extra 10% tariff on Chinese goods.
Those moves would have an obvious impact on foreign carmakers, tech firms and drug companies.
In areport, Kostin explained that companies profit margins could suffer if they decide to take on higher costs.
If they instead decide to pass the costs to consumers, their sales could struggle.
Lululemon also depends on China for a big chunk of its business.
According to CNBC, any negative sentiments from trade actions could end up hurting its business in China.
Despite that relationship, Tesla itself could feel some serious pain from high tariffs.
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