BusinessPostCorner.com
No Result
View All Result
Thursday, June 25, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Elon Musk says he opposes US tariffs on Chinese electric vehicles

May 24, 2024
in Business
Reading Time: 2 mins read
A A
0
Elon Musk says he opposes US tariffs on Chinese electric vehicles
ShareShareShareShareShare

Tesla boss Elon Musk says he opposes US tariffs on Chinese electric vehicles (EVs), just days after President Joe Biden quadrupled levies on EVs imported from China.

“Neither Tesla nor I asked for these tariffs”, the multi-billionaire told a technology conference in Paris via video link.

Mr Musk’s comments are at odds with a warning he made in January that Chinese car makers would “demolish” competitors from other countries if there were no trade barriers.

Last week, the White House said new measures, including a 100% tariff on EVs from China, were a response to unfair policies and intended to protect US jobs.

“In fact, I was surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good,” Mr Musk said on Thursday.

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

Mr Biden has maintained a number of tariffs on China that were introduced by his predecessor Donald Trump, while increasing trade pressure on Beijing.

Last week, Mr Biden vowed to not let China “unfairly control the market” for electric vehicles and other key goods, including batteries, computer chips and basic medical supplies.

China said it was opposed to the tariff hikes and would take retaliatory measures.

This week, China launched an anti-dumping probe into imports of a widely used plastic from the US, EU, Taiwan and Japan.

The announcement from the Ministry of Commerce that it will investigate imports of polyoxymethylene copolymer – which is used in electronics and cars – was seen as a signal that China will hit back in its trade disputes with the US and Europe.

Also this week, China signalled it could hit cars with large engines imported from the EU and US with tariffs of as much as 25%.

The China Chamber of Commerce to the EU said it had been told about the potential move by what it called “insiders”.

The European Commission (EC), which oversees the EU’s trade policies, has given itself a 4 July deadline to decide whether to impose measures against imports of Chinese-made EVs.

Credit: Source link

ShareTweetSendPinShare
Previous Post

What women should know about Medicare coverage for health screenings and exams

Next Post

Business seeks clear victor in UK general election

Next Post
Business seeks clear victor in UK general election

Business seeks clear victor in UK general election

Ethereum Price Prediction: Network Activity and Tokenization Post Massive Growth as Price Battles Bears

Ethereum Price Prediction: Network Activity and Tokenization Post Massive Growth as Price Battles Bears

June 19, 2026
Bitcoin Network Activity Erupts After Iran Deal: Bottom In For BTC?

Bitcoin Network Activity Erupts After Iran Deal: Bottom In For BTC?

June 20, 2026
Gatwick campaigners look to appeal after runway fight fails

Gatwick campaigners look to appeal after runway fight fails

June 23, 2026
Microsoft Copilot AI Predicts Solana Price by The End of 2026

Microsoft Copilot AI Predicts Solana Price by The End of 2026

June 24, 2026
‘GLP-1 plus’: Employers rethinking weight-loss drug coverage

‘GLP-1 plus’: Employers rethinking weight-loss drug coverage

June 25, 2026
Rural America is already being crushed by an economic crisis and now faces a ‘mini-Dust Bowl’ risk

Rural America is already being crushed by an economic crisis and now faces a ‘mini-Dust Bowl’ risk

June 21, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Google Gemini AI Predicts Micron Technology Stock Price For 2026

Google Gemini AI Predicts Micron Technology Stock Price For 2026

June 25, 2026
The Trump Accounts rollout is the biggest advisory opportunity most accountants are missing

The Trump Accounts rollout is the biggest advisory opportunity most accountants are missing

June 25, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!