Tesla says that Trump’s trade war may increase costs
- The Trump administration says that imposing definitions on commercial partners is a way to reduce the American trade deficit.
- The CEO of Tesla Elusk was a major supporter of Trump, but the trade war will provoke the costs of its cars.
- In a message, the company urged the US government to ensure that the “trade war” is not inadvertently attached to American companies.
Tesla has warned the Trump administration that it may bear the cost of the president’s attempts to impose the so -called reprisal definitions on American commercial partners.
In a non -signed speech that was uploaded to an organizational schedule on March 11, the auto manufacturer said that the trade war can increase the costs of manufacturing its cars and driving other countries to slap the customs tariffs on Tesla vehicles made in Austin or electronic equipment in states such as California and Nevada.
The company wrote: “The US tariff procedures in the United States have increased the costs of Tesla for manufactured vehicles in the United States, and increased the costs of those compounds themselves when exporting them from the United States, which led to less competitive in the international market for American manufacturers.”
Elon Musk, CEO of Tesla, was appointed as a “private government employee” closely linked to the Donald Trump engine for deflation and federal automation. The message confirms how his political interests and commercial interests can diverge.
Tesla share price He decreased by half of nearly half Since the December summit. Musk said earlier in the week that he was facing a difficult time to run His business Because of his involvement with the White House office, Dog.
“Tesla supports a strong and comprehensive process to collect information to ensure the appropriate measures to address unfair commercial practices that, in this process, do not intentionally hurt American companies,” said the previously reported. Financial times.
It may be the fact that the message was not unusual, but it was not unprecedented for Tesla, which previously made comments to the Tax Authority without signing at the bottom. The letters that I made to other agencies included signatures.
Tesla, Musk and White House did not respond to Business Insider to comment.
The message was downloaded to a General comment portal The American Trade Representative on March 11 by an internal lawyer in Tesla. It is included below.
The message was sent on the same day that Trump Mousse called and a collection from Tslias to the southern grass of the White House for a Propaganda. Trump said he would buy Tesla to show his support for Musk and his company after the agency sabotage.
The threats of customs tariffs on Canada and Mexico can deal with huge strikes for the largest car manufacturer in America.
Barclays analysts wrote on March 5 that a 25 % tax on Canada and Mexico can spend profits for Ford, Granches and Stellantis, assuming that prices are not increased or amended in production plans.
“If you look at the customs tariff, let’s be honest, in the long run, a 25 % tariff across Mexico and the Canadian border will explode a hole in the United States industry that we have not seen before,” said February CEO Jim Farley.
Tesla will also feel the effects, taking into account 20-25 % of its components for 2025 that comes from Mexico, according to the traffic safety safety department report.
Veppoha Taniga, the financial manager of Tesla in inviting profits on January 29, over the years, over the years, over the years, over the years, we have tried to settle our supply chain in every market, but we still rely on spare parts from all over the world for all our business.