Elon Musk’s comments follow the announcement by the Biden administration of new US tariffs on array of Chinese goods including EVs.Elon Musk’s comments follow the announcement by the Biden administration of new US tariffs on array of Chinese goods including EVs.Elon Musk has criticised US government tariffs on Chinese electric vehicles, describing the levies as “not good” and a distortion of the car market.
“Neither Tesla nor I asked for these tariffs, in fact I was surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good,” Musk said at Viva Technology via video link.– a tax charged on foreign imports – on an array of Chinese goods, including EVs this month, in an effort to support US manufacturing. The White House has maintained a number of tariffs’s presidency, while ratcheting up others, including quadrupling EV duties to more than 100%.
Speaking at the Viva conference, Musk rowed back on his January comments. He said Tesla competed “quite well” in the key Chinese market without tariffs. This week a Chinese trade group said Beijing was considering retaliatory tariffs,Get set for the working day – we'll point you to all the business news and analysis you need every morning“Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs,” Musk said.