E-car builder
Musk is Trump’s shadow vice – his company Tesla warns of its tariffs
Of all things, Elon Musk’s car manufacturer Tesla is now warning that the tariffs of the company’s US president could harm.
The electric car manufacturer Tesla, managed by Trump confidante Elon Musk, warns the US government of possible negative consequences of American punitive tariffs for the company. Due to previous additional tariffs, the costs of Tesla even increased during production in the USA, it said in a letter to the US trade officer Jamieson Greer. In addition, the vehicles abroad have become more expensive, which weakened their competitive position in the market.
Donald Trump raises punitive tariffs against Canada and the EU
Tesla also pointed out that US companies were quickly affected by the countermeasures of other countries in trade wars. The additional tariffs imposed by US President Donald Trump already triggered the opposite reaction of Canada and the European Union.
In addition, Tesla pointed out that some components and raw materials would also have to be obtained from abroad when production in the United States. “Commercial actions should not (and do not have to) be in conflict with the aim of expanding and supporting the local production,” said the unsigned letter dated March 11. Tesla also has works in China and Grünheide near Berlin.
Tesla letter without signature
The “Financial Times” wrote, citing a involved that the letter had remained without signature “because nobody wanted to be fired at the company to have sent him”.
Tesla boss Musk donated more than $ 250 million for Trump’s election campaign and became a close confidante of the US President. Trump commissioned him to reduce government costs. Musk criticized rapid deletions of expenses and jobs at authorities. At the same time, the Tesla share price fell because analysts reduced their sales forecasts for the company. Trump then demonstratively bought a Tesla vehicle at a sales show in front of the White House.
Dpa
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Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
