Elon Musk says he opposes US tariffs on Chinese electric vehicles

Tesla boss Elon Musk says he opposes US tariffs on Chinese electric vehicles (EVs), just days after President Joe Biden quadrupled taxes on electric vehicles imported from China.

“Neither Tesla nor I asked for these tariffs,” the billionaire said via a video conference in Paris.

Musk’s comments contradict a warning he made in January that Chinese automakers would “demolish” competitors from other countries if there were no trade barriers.

Last week, the White House announced new measures, including a 100% border tariff on electric vehicles from ChinaThey were a response to unfair policies and were intended to protect American jobs.

“I was actually surprised when they were announced. Things that inhibit freedom of exchange or distort the market are not good,” Musk said Thursday.

‚ÄúTesla competes quite well in the Chinese market without tariffs or deferential support. “I’m in favor of no tariffs,” he added.

Biden has maintained a series of tariffs on China that were introduced by his predecessor Donald Trump, while increasing trade pressure on Beijing.

Last week, Biden vowed not to let China “unfairly control the market” for electric vehicles and other key goods, including batteries, computer chips and basic medical supplies.

China said it opposed the tariff increases and would take retaliatory measures.

This week, China launches anti-dumping investigation to imports of a widely used plastic from the US, EU, Taiwan and Japan.

The Commerce Ministry’s announcement that it will investigate imports of polyoxymethylene copolymer – used in electronics and cars – was seen as a sign that China will fight back in its trade disputes with the United States and Europe.

Also this week, China signaled it could impose tariffs of up to 25% on cars with large engines imported from the EU and the United States.

The EU China Chamber of Commerce said it had been informed of the possible move by what it called “insiders”.

The European Commission (EC), which oversees EU trade policies, has set a deadline of July 4 to decide whether to impose measures against imports of electric vehicles made in China.

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