Tesla’s Elon Musk is kicking to President Donald Trump about China’s car tariffs.
“Do you think the US & China should clothed equal & fair rules for cars? Meaning, same import duties, ownership constraints & other considerations,” Musk said on Twitter in response to a Trump tweet about exchange with China. “I am against import duties in general, but the current ukases make things very difficult. It’s like competing in an Olympic channel wearing lead shoes.”
Tweet Link
Tweet Link
The auto director said China puts a 25 percent import duty on American transports, while the U.S. only does 2.5 percent for Chinese cars. He supplemented that no American car company is “allowed to own even 50% of their own plant” in the Asian country, but China’s auto firms can own their companies in the U.S.
Trump responded to Musk’s tweets later at his blade and aluminum tariff press conference Thursday.
“We are going to be doing a exchanged tax program at some point, so that if China is going to charge us 25% or if India is usual to charge us 75% and we charge them nothing … We’re going to be at those that having been said numbers. It’s called reciprocal, a mirror tax,” Trump said after deliver assign to Musk’s earlier tweets out loud.
The Trump administration has also sought Beijing for a $100 billion reduction in the U.S. trade deficit with the Asian motherland, The Wall Street Journal reported Thursday, citing people unrestrained with the talks.