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Elon Musk now says he opposes US tariffs on Chinese EVs

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Us Tariffs On China News

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PARIS, May 24 — Tesla founder Elon Musk told tech investors in Paris yesterday he opposed US tariffs on Chinese electric vehicles (EVs), an about-face from his January warning...

PARIS, May 24 — Tesla founder Elon Musk told tech investors in Paris yesterday he opposed US tariffs on Chinese electric vehicles , an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.”This month, US President Joe Biden rolled out new tariffs on an array of Chinese imports, including EVs, seeking to support American manufacturing.

“Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs,” Musk said.

 

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