It would decimate the US EV manufacturing industry for a couple of years. You can't make EV's without AAM and China produces 99% of it. It would push up the price of flake graphite and ex-China AAM. However, there isn't much demand for flake graphite outside of China as it needs to be processed into something useful and >80% of the processing is done in China. They export more processed graphite than flake.
I said 2 years ago Musk's republican antics would be trouble for Tesla because >80% of buyers are progressives yet he still wants to be paid $64B a year. He has appealed the courts decision which said no. Tesla will have to kick him out if they want to recover. He is now their biggest liability and it isn't going to change anytime soon. His insistence of only using cameras for ADAS will fail. You need Lidar as a minimum and radar as well. They'll never allow his robo taxis without it.
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