Foreign media: Musk expressed his opposition to the United States' tariffs on Chinese electric vehicles, saying that he does not approve of "market-distorting" measures

Globe.com

2024-05-24 08:11Posted on the official account of Shaanxi Global Network

According to Reuters, Elon Musk, CEO of Tesla Inc. in the United States, participated in the "European Science and Technology Innovation Exhibition" held in Paris, France through video link on the 23rd local time, and he told technology investors at the event that he opposes the United States imposing tariffs on Chinese electric vehicles.

Reuters mentioned that this month, the Biden administration imposed new tariffs on a range of Chinese imports, including electric vehicles, including an increase in tariffs on Chinese imports of electric vehicles from 25% to 100%. At an event held on the 23rd, Musk said that he did not approve of measures that distort the market.

Musk participated in the "European Science and Technology Innovation Exhibition" through video connection on the 23rd, and the picture is from the screenshot of the "European Science and Technology Innovation Exhibition" social platform account

"Neither Tesla nor I asked for these tariffs, in fact, I was surprised when they announced them." Musk said via video link, "Anything that restricts the freedom of trade or distorts the market is bad." ”

He also said that in the absence of tariffs and other factors, "Tesla's competitiveness in the Chinese market is quite strong" and "I support the imposition of no tariffs."

Reuters also mentioned that this is very different from his warning in January this year. He said in an analyst conference call after the earnings report earlier this year that trade barriers to China needed to be put in place or "most other car companies in the world" would be destroyed.

On May 14, local time, the White House announced additional tariffs on a series of goods such as Chinese solar cells, electric vehicles, computer chips and medical products. A spokesperson for China's Ministry of Commerce said that the US side abused the Section 301 tariff review procedure to further increase the Section 301 tariffs imposed on some Chinese products out of domestic political considerations, and politicized and instrumentalized economic and trade issues, which is a typical political manipulation, and China strongly disagrees with this. The WTO has long ruled that Section 301 tariffs violate WTO rules. Instead of correcting them, the US side has insisted on going its own way and making mistakes again and again.

Chinese Foreign Ministry spokesman Wang Wenbin also said that the US continues to politicize economic and trade issues and further increase tariffs on China, which is a mistake on top of a mistake, which will only significantly increase the cost of imported goods, make US companies and consumers bear more losses, and make US consumers pay a greater price. According to Moody's estimates, American consumers bear 92% of the cost of imposing tariffs on China, and American households will spend an additional $1,300 a year, and the protectionist measures of the United States will also cause greater damage to the security and stability of the global production and supply chain. We urge the US side to earnestly abide by WTO rules, immediately lift the additional tariffs on China, and China will take all necessary measures to defend its rights and interests.

View original image 226K

•