Tesla warns that it is being subjected to retaliatory tariffs on exports amid the trade war
Bill Oplinger, CEO of Alcoa Corporation, is Varney & Co. Joining the news that President Donald Trump intends to double tariffs on steel and aluminum imports by 50%.
Tesla warns that IT and other US exporters could be hit by retaliatory tariffs as president Donald Trump It imposes taxes on American trading partners.
In a letter sent to US trade representative Jamieson Greer earlier this week, Tesla wrote that “it supports a robust and thorough process of gathering information to ensure that appropriate actions are taken to address unfair trade practices and not inadvertently harm US businesses in the process.”
Tesla CEO Elon Musk A close ally of Trump, he has been tasked with leading the government’s Department of Efficiency (DOGE), and the company’s concerns are similar to those raised by other US exporters amid the broad trade war.
“As a US manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts taken to address unfair trade practices,” writes Tesla.
Trump says we have “silly trade” rather than “free trade.”
Tesla CEO Elon Musk is a close ally of President Donald Trump, who has entrusted him with the Leading Doge. (Saul Loeb/Pool/AFP Getty Images/Getty Images)
“Tesla recognizes and supports the importance of fair trade, but the assessment made by USTR of potential actions to correct it is Unfair trade We should also consider exports from the US,” the letter said.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 240.68 | -7.41 |
-2.99% |
“U.S. exporters are exposed to inherently disproportionate effects when other countries respond to US trade actions. For example, past US trade actions have resulted in immediate responses by target countries, including increased tariffs on EVs imported to these countries,” the company added.
Trump threatens further tariffs on Canadian steel, aluminum, electricity and vehicles
President Trump has been imposing tariffs on US trading partners, which he sees as a move to boost American industry. (Samuel Corm/Sipa/Bloomberg via Getty Images)
Tesla’s letter also outlined the past The battle of tariffs As a result, manufacturing costs have increased, selling prices overseas have increased, and the company’s vehicles are less competitive.
“So, past the special US tariff measures, (1) the cost of Tesla for vehicles manufactured in the US increased, (2) the cost of the same vehicle when exported from the US, and (a) it became a competitive international market for US manufacturers.”
Tesla also wrote, “future trade policy measures should take into account existing restrictions on the domestic supply chain.”
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President Trump recently purchased Tesla as a support show for CEO and Doge leader Elon Musk. (AFP via Gettty Images/GetMages)
Tesla has a large number of domestic components in its supply chain, but some auto parts cannot be procured in the US, making it more difficult to maintain as automakers are subject to troublesome burdens. American manufacturing jobs.
“Even with aggressive supply chain localization, certain parts and components are difficult or impossible to source within the United States. Tesla supports the USTR process to further assess the limitations of the US supply chain and ensures that they are unfairly borne by trade measures that may pose a levy of the occupational challenges that support the US manufacturers to further assess the restrictions on the US supply chain, and that they are unfairly borne by trade measures that may pose a levy of the occupational challenges that support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the
“Trade measures cannot (and are not necessary) conflict with the goals to further increase and support domestic manufacturing.”
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“As USTR continues to evaluate possible trade measures to correct unfair trade practices, it should also be considered in its implementation timeline. US companies will benefit from a step-by-step approach that prepares accordingly and ensures that appropriate supply chain and compliance measures are taken,” the Tesla letter concluded.
Reuters contributed to this report.