3 hours ago
Last Updated:March 14, 2025, 22:07 IST
Tesla has warned the Trump administration that the retaliatory tariffs on the US could harm the company and urged the government to consider its trade policies carefully.
US President Donald Trump with Elon Musk (AP Image)
Elon Musk’s Tesla has warned the Donald Trump administration that retaliatory tariffs against US manufacturers could harm its operations. The electric car company also said that the government should carefully consider its trade policies going forward.
“As a U.S. manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts of certain proposed actions taken to address unfair trade practices," the Tesla representatives wrote to US Trade Representative Jamieson Greer on March 11.
“While Tesla recognises and supports the importance of fair trade, the assessment undertaken by USTR of potential actions to rectify unfair trade should also take into account exports from the United States," the letter added.
Tesla has cautioned that past US tariff measures have led to swift retaliatory actions from affected countries, including higher tariffs on imported electric vehicles (EVs). In an unsigned letter, the company urged US trade officials to consider the impact of such policies on American manufacturers.
Tesla’s stock has recently declined, erasing gains since Election Day. European sales dropped 45% in January, according to the European Automobile Manufacturers’ Association. The letter also warned that trade policies have raised the cost of American-made vehicles, particularly when exported.
Tesla also highlighted concerns about domestic supply chain limitations, noting that some EV components, like lithium-ion batteries, are unavailable in the US. The company, which employs over 70,000 people, operates manufacturing facilities in several states, including California, Texas, and Nevada.
Location :Washington D.C., United States of America (USA)
First Published:March 14, 2025, 22:04 IST
News world 'Retaliatory Tariffs Could Harm...': Elon Musk's Tesla Warns Trump Administration
