05/24/2024

Musk Says He Favors 'No Tariffs' on Chinese EVs

Recently, the White House said it was placing a 100 percent tariff on these imports

Troubled Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on Chinese-made electric vehicles.

<>"Neither Tesla nor I asked for these tariffs," Musk said in response to a question from CNBC's Karen Tso during a question and answer session at the VivaTech conference here on Thursday. "In fact, I was surprised when they were announced."

Last week, the Biden administration said it was placing a 100 percent tariff on Chinese-made electric vehicle imports to the U.S. in a bid to stop cheap Chinese EVs from flooding the U.S. market. The White House says Beijing's subsidies are helping companies overproduce cheap clean energy products like solar panels and EVs that outpace domestic demand.

Please select this link to read the complete article from NBC News.