Elon Musk's Tesla says it could be targeted by retaliatory tariffs

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Elon Musk's Tesla says it could be targeted by retaliatory tariffs

//business-finance.news-articles.net/content/202 .. it-could-be-targeted-by-retaliatory-tariffs.html

Published in Business and Finance on Friday, March 14th 2025 at 7:21 GMT by CNN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Tesla, the electric car company run by Elon Musk, said this week that retaliatory tariffs against US manufacturers could harm its operations and that the US should carefully consider its trade policies,

2025-03-14 267 x 150 / 11441 Bytes

Elon Musk has warned that Tesla could face significant challenges due to potential retaliatory tariffs from China, following the US government's decision to increase tariffs on Chinese electric vehicles (EVs). In an interview with CNN, Musk expressed concerns that these tariffs could lead to a trade war, negatively impacting Tesla's market access in China, which is crucial for the company's growth. He highlighted that while Tesla benefits from US subsidies, the imposition of tariffs might provoke China to retaliate, potentially affecting Tesla's sales and production in the region. Musk also mentioned the broader implications for global trade, suggesting that such protectionist measures could hinder the EV industry's progress towards sustainability goals.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/03/13/business/elon-musk-tesla-retaliatory-tariffs/index.html ]