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- Elon Musk and a Trump adviser disagree over the impact of tariffs on the US automotive industry
Elon Musk and a Trump adviser disagree over the impact of tariffs on the US automotive industry
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A recent escalation in the US-China trade tensions has seen Elon Musk publicly clash with Peter Navarro, a trade adviser to US President Donald Trump. Musk called for a zero-tariff deal with Europe, a proposal that Navarro criticized.
Boys will be boys, and we will let their public sparring continue.
He is a car person. That's what he does, and he wants the cheap foreign parts.
The market will find a bottom. It will be soon, and from there, we're going to have a bullish boom, and the Dow is going to hit 50,000 during Trump's term.
It was interesting to hear Elon Musk talk about a zero-tariff zone with Europe. He doesn't understand that.
If you go to his Texas plant... the batteries come from Japan and from China, the electronics come from Taiwan.
The difference is in our thinking and Elon's on this is that we want the tires made in Akron. We want the transmissions made in Indianapolis. We want the engines made in Flint and Saginaw, and we want the cars manufactured here.
Past trade actions by the United States have resulted in immediate reactions by the targeted countries, including increased tariffs on electric vehicles imported into those countries.
US exporters are inherently exposed to disproportionate impacts when other countries respond to US trade actions.
I hope it is agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation, effectively creating a free-trade zone between Europe and North America.
Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant.
Tesla has the most American-made cars. Navarro is dumber than a sack of bricks.
Navarro is truly a moron. What he says here is demonstrably false.
By any definition whatsoever, Tesla is the most vertically integrated auto manufacturer in America with the highest percentage of US content. Navarro should ask the fake expert he invented, Ron Vara.
Trump's tariffs
- Donald Trump Announces 90-Day Tariff Reduction with China
- US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
- Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
sources
- 1.South China Morning Post
- 2.The Times of India
- 3.Al Jazeera
- 4.CGTN
- 5.Le Monde
- 6.Agence France-Presse
- 7.CBS News
- 8.CNBC
- 9.CNN
- 10.Financial Times
- 11.Fox News
- 12.NBC News
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.United States–Mexico–Canada Agreement
countries
- 1.Argentina
- 2.Australia
- 3.China
- 4.United Kingdom
- 5.India
- 6.Italy
- 7.Japan
- 8.Saudi Arabia
- 9.Taiwan, Province of China
- 10.United States
- 11.South Africa
organizations
- 1.Tesla
- 2.White House
- 3.Harvard University
- 4.European Union
- 5.SpaceX
- 6.European Automobile Manufacturers' Association
- 7.Lega
- 8.Meet the Press
- 9.National Economic Council
- 10.Republican Party
persons
- 1.Elon Musk
- 2.Peter Navarro
- 3.Donald Trump
- 4.Karoline Leavitt
- 5.Howard Lutnick
- 6.Jamieson Greer
- 7.Matteo Salvini
- 8.Scott Bessent
- 9.Stephen Mira