Elon Musk Wants Trump's succor On Car Trade With China
As President Trump’s planned tariffs threaten to start a trade war, Elon Musk is asking the president to succor him out on car trade rules with China.
Trump tweeted approximately trade negotiations with China yesterday, and the Tesla CEO on Thursday responded by asking for “equal & just rules for cars” between China and the US.
“An American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold dissimilarity,” Musk tweeted. “Also, no US auto company is allowed to own even 50% of their own factory in China, but there are five 100% China-owned EV auto companies in the US.”
He went on, “I am against import duties in general, but the current rules form things very difficult. It’s like competing in an Olympic race wearing lead shoes.”
A spokesperson for Tesla declined to comment on this account.
Trump is apparently a grand fan of Musk’s private space exploration company, SpaceX. “I don’t know whether you saw final with Elon with the rocket boosters where they’re coming back down,” Trump says in a video published by CNBC. “To me, that was more astounding than watching the rocket fade up because I’ve never seen that before.”
It’s unclear how much President Trump’s planned steel and aluminum tariffs could impact Tesla’s commerce, trade. Tesla’s Model S, Model X, and Model 3 are every made with aluminum and steel, but where Tesla sources these materials is unknown.