Tesla CEO, Elon Musk Asks President Trump For Help On China

Tesla CEO Elon Musk wants his electric car company to be competitive in China, and he’s asking for President Trump’s help.

Tesla Motors Inc CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Tesla Motors Inc on Thursday took its first step toward automated driving, unveiling features that will allow its electric sedan to park itself and sense dangerous situations. The company also said it will roll out an all-wheel drive option of the Model S sedan that can go from zero to 60 miles per hour in 3.2 seconds yet doesn’t compromise the vehicle’s efficiency. Musk said “D” stands for “dual motor,” meaning Tesla’s all-wheel drive vehicle will have a motor at either end of the chassis to increase control. REUTERS/Lucy Nicholson (UNITED STATES – Tags: TRANSPORT SCIENCE TECHNOLOGY BUSINESS HEADSHOT) – RTR49M2Y

After Trump jotted off a tweet about America’s “massive” trade deficit with China, Musk responded with a question: “Do you think the US & China should have equal & fair rules for cars?”

He said all Tesla (TSLA) vehicles shipped to China face a 25% import tax while a “Chinese car coming to the US only pays 2.5%, a tenfold difference.”

“I am against import duties in general, but the current rules make things very difficult. It’s like competing in an Olympic race wearing lead shoes,” Musk wrote.

“We raised this with the prior administration and nothing happened,” he added. “Just want a fair outcome, ideally where tariffs/rules are equally moderate. Nothing more. Hope this does not seem unreasonable,” another tweet said.

The Twitter exchange came one week after Trump announced plans to slap a 25% tariff on steel and a 10% tariff on aluminum, sparking fears of a trade war.

Trump Administration officials said that policy could become official this week. An announcement is expected Thursday afternoon.

 

 

 

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