* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‘They Distort The Market’: Musk Says He Opposes Biden’s Tariffs On Chinese EV

May 24, 2024
in Business
‘They Distort The Market’: Musk Says He Opposes Biden’s Tariffs On Chinese EV
Share on FacebookShare on Twitter

Topline

Tesla CEO Elon Musk on Thursday said he opposes the U.S. government’s move to levy 100% tariffs on Chinese electric vehicles—announced by the Biden administration last week—in a change of tone from remarks he made earlier this year, when he warned about the threat Chinese EV companies posed to global car makers without trade barriers.

Elon Musk said neither he or his company Tesla had asked for the tariffs on Chinese EVs

Getty Images

Key Facts

The billionaire said Tesla “competes quite well” in the Chinese market and said he generally favored no tariffs and no tax incentives for EVs or gas-powered vehicles.

Musk added “things that inhibit freedom of exchange or distort the market are not good.”

Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.

News Peg

Musk’s latest remarks were a departure from warnings he had issued about Chinese EVs earlier this year that appeared to call for government intervention. In Tesla’s earnings call in January, Musk said Chinese EV makers were the “most competitive car companies in the world” and he believed they would have “significant success” globally “depending on what kind of tariffs or trade barriers are established.” The Tesla CEO then warned that “if there are no trade barriers established, they will pretty much demolish most other companies in the world.” China is Tesla’s largest foreign market and the carmaker faces strong competition there from homegrown brands like BYD and Nio. Musk has praised these companies in recent years, saying he has a “great deal of respect” for them and has said “some company out of China is the most likely to be second to Tesla” in the global EV race.

Tangent

Musk was also asked at the conference whether the tariffs were a green light for Tesla to push forward with a low-cost model and if there was a timeline for it. But the Tesla CEO refused to give details, noting he dislikes answering questions that would directly impact the company’s stock price. Musk’s comments come amid speculation about the future of its low cost car plans. Last month, Reuters reported Tesla was halting work on a cheaper EV to focus on self-driving robotaxis. Musk denied the report, tweeting “Reuters is lying (again),” but did not offer details. A Tesla priced at around $25,000 has been a long-stated goal for Musk and his company and the billionaire previously said he expected the model to be available in the second half of 2025.

Key Background

Last week, President Biden unleashed new tariff hikes against imports of Chinese electric vehicles, semiconductors, batteries and steel. The headline move was the increase in tariffs on Chinese electric vehicles from 25% to 100%. The White House said the levies were necessary to fight against “China’s unfair trade practices,” and its rampant “intellectual property theft” and habit of “flooding global markets with artificially low-priced exports.”

Further Reading

Biden Escalates China-U.S. Trade War With Fresh Tariff Hikes On Electric Vehicles, Solar Cells, Chips And Steel (Forbes)

Tesla CEO Musk: Chinese EV firms will ‘demolish’ rivals without trade barriers (Reuters)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/siladityaray/2024/05/24/musk-now-says-he-opposes-tariffs-on-chinese-evs-heres-what-he-had-said-earlier

Tags: ‘Theybusinessdistort
Previous Post

House Republicans Push Bills Banning Noncitizen Voting—Defending Trump’s Unfounded Fraud Claims

Next Post

NOAA Predicts Atlantic Hurricane Season Could Be Worst In Decades

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

July 9, 2025
Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

July 9, 2025
200 million year-old jawbone revealed as new species – BBC

200 million year-old jawbone revealed as new species – BBC

July 9, 2025
Off-grid homeowner dispels common misconceptions about his lifestyle: ‘Doesn’t mean I live primitively’ – Yahoo

Off-Grid Living Uncovered: How One Homeowner Thrives Without Sacrificing Modern Comforts

July 9, 2025
Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

July 9, 2025
A Masterclass on Status, Power, & the Economy with Tressie M… – Kottke.org

Unlocking Status, Power, and the Economy: A Masterclass with Tressie M

July 9, 2025
Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

July 9, 2025
Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

July 9, 2025
Musk says he is forming new political party after fallout with Trump – CNN

Musk says he is forming new political party after fallout with Trump – CNN

July 9, 2025
Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

July 9, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (712)
  • Economy (737)
  • Entertainment (21,625)
  • General (15,793)
  • Health (9,774)
  • Lifestyle (742)
  • News (22,149)
  • People (737)
  • Politics (745)
  • Science (15,954)
  • Sports (21,235)
  • Technology (15,720)
  • World (718)

Recent News

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

July 9, 2025
Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version