Elon Musk asks Trump to counter China's vehicle tariffs

  • Elon Musk asks Trump to counter China's vehicle tariffs

Elon Musk asks Trump to counter China's vehicle tariffs

He went on to assert in another tweet that he was against import duties in general, "but the current rules make things very hard", he tweeted. "It's like competing in an Olympic race wearing lead shoes". "For example, an American vehicle going to China pays 25% import duty, but a Chinese auto coming to the USA only pays 2.5%, a tenfold difference". Trump was discussing the tariff bill and its possible effects when he read a printed copy of Musk's tweet.

"I saw a tweet from Elon Musk, who is using our space facilities and did a great job", Mr. Trump said at the signing ceremony.

Politicians "have known it for years and never did anything about it. It's got to change". The President did not specify which goods would be involved, and did not provide details, other than mentioning China and India, and saying of the reciprocal taxes, "We're going to be doing a lot of that". The EU has said it's prepared to act "swiftly and appropriately" to restrictive US trade measures by potentially implementing its own restrictions on USA exports such as bourbon, cheese, orange juice tomatoes and potatoes.

Politicians in both the European Union and China have already threatened to retaliate against the USA if Trump implements import tariffs. The President said he would introduce tariffs of 25 per cent on imported steel and 10 per cent on aluminium, figures that sent minor shockwaves through the stock market.

The president appeared in the Oval Office, flanked by senior officials on one side and a group of steelworkers on the other. "To me, that was more fantastic than watching the rocket go up, because I've never seen that before". Tesla wouldn't say whether its electric semis will attempt the trip without recharging in between, but it seems doubtful that they wouldn't recharge at least part of the battery to ensure that the return trip goes off without a hitch. In classic Musk fashion, the Tesla CEO's tweets were sharp with wit, direct to the point, and filled with facts.

"We raised this with the prior administration and nothing happened".

"Just want a fair outcome, ideally where tariffs/rules are equally moderate", Musk tweeted. China's central government is pushing for the plant to be a joint venture with local partners, while Tesla wants to own the factory completely, the people said. Last November, Tesla announced they would be developing a line of electric trucks used for commercial transportation.

The tweet followed Musk's initial message to Trump, where Musk asked Trump's opinion of the disparity between the U.S. and China's vehicle import policies.

The White House did not immediately respond to a request for comment. "They make it impossible for our cars (and more) to sell there".

He added that "when China or another country charges us 50 percent tariffs - more than that in some cases - and we charge them nothing, that's not fair".

Earlier this week, Trump threatened to impose a 25 percent tariff on automobiles imported from Europe.