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Tesla tells US government Trump trade war could ‘harm’ EV companies

Letter from Elon Musk’s firm to US trade representative warns of ‘downstream impacts’ of tit-for-tat tariffsBusiness live – latest updatesElon Musk’s Tesla has warned that Donald Trump’s trade war could expose the electric carmaker to retaliatory tariffs that would also affect other automotive manufacturers in the US.In an unsigned letter to Jamieson Greer, the US trade representative, Tesla said it “supports fair trade” but that the US administration should ensure it did not “inadvertently harm US companies”. Continue reading...



Tesla warned the U.S. government that Trump's trade war could harm EV companies by exposing them to retaliatory tariffs, potentially mirroring past trade disputes. Tesla, while supporting fair trade, urged the USTR to consider the downstream impacts of trade actions on U.S. exporters. Meanwhile, Tesla's share price has significantly decreased in the past month. BMW also reported a profit slump, citing potential impact of US trade tariffs.

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