Bill, CEO of Alcoa Corporation, joins Opplinger Veri & Co. and reacts to news that President Donald Trump has intended to double tariffs at 50%on steel and aluminum imports.
Tesla is warning that it and other American exporters can be hit with an anti -anti -tariff as president Donald Trump American imposes Levy on Trading Partners.
In a letter sent to the US trade representative Jaimison Greer earlier this week, Tesla wrote that it “supports a strong and fully procedure to collect information to ensure appropriate action to address inappropriate trade practices and, which, in this process, do not harm American companies unknowingly.”
CEO of Tesla Elon Musk Trump is a close aide, who tasked him to lead the Government Efficiency Department (DOGE), and the company’s concerns are similar to those raised among the trade war raised by other American exporters.
“As an American manufacturer and exporter, Tesla encourages USTR to consider the downstream effects to address inappropriate trade practices,” Tesla wrote.
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Tesla CEO Elon Musk is a close aide of President Donald Trump, who assigned him to the prominent Dogi. (Through Saul Loaib/Pool/AFP Getty Image/Getty Image)
“While Tesla recognizes and supports the importance of fair trade, but to improve the evaluation done by the USTR of potential functions Unfair trade The letter states that exports from the United States should also take into account.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 249.98 | +9.30 |
+3.86% |
The company said, “American exporters naturally have an impact when other countries respond to American trade works. For example, previous trade works have been resulting in immediate reactions by the target countries by the United States, including increased tariffs on imported EVS in countries,” the company said.
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President Trump has carried out tariffs on American trading partners which he sees as a step to promote American industry. (Samuel Korum/SIPA/Bloomberg Getty Image/Getty Image)
Tesla’s letter also explained how the past Tariff fights The high manufacturing costs and high foreign sales prices have resulted in the price that make the company’s vehicles less competitive.
Tesla said, “Last American Special Tariff Action This type of (1) has increased costs for Tesla for vehicles manufactured in the United States, and (2) The cost has increased for the same vehicles when exported from the United States, resulting in (A) (A) Less Competitive International Market,” explained by Tesla.
Tesla has also written that “future trade policy activities should take into account the existing boundaries in the domestic supply chain.”
President Trump recently bought a Tesla as a demonstration of support for CEO and Dogi leader Elon Musk. (Via Mandel Engan / AFP Getty Image / Getty Image)
Tesla said that its supply chain has a large degree of domestic components, but some auto parts cannot be sour in the US, which makes the vehicle manufacturers aware of a great burden that makes it more difficult to maintain it American manufacturing jobs,
“Even with aggressive localization of the supply chain, it is difficult or impossible for a source of some parts and components within the United States. Tesla supports a process to evaluate domestic supply chain boundaries by USTR to ensure that American manufacturers are not uncontrolled by trade functions, which can apply cost-reserved tariffs on essential components.
“Struggle with objectives to further increase and support domestic manufacturing business functions (and is not required).”
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“The USTR continues to evaluate potential trade functions to improve improper trade practices, the implementation schedule must also be considered. American companies will benefit from a phased approach that enables them to prepare accordingly and ensures proper supply chain and compliance measures,” Tesla’s letter concluded.
Reuters contributed to this report.
