Tesla warned in a letter to U.S. trade representative Jamieson Greer that the Trump administration's tariffs could adversely affect its electric vehicle prices due to challenges in sourcing parts domestically. The company indicated that while it supports fair trade, significant local supply chain limitations exist. Furthermore, increased tariffs imposed on EVs imported to countries like Canada as a reaction to U.S. tariffs highlight the broader impact of such trade actions on Tesla's operations and competitiveness in the market.
Tesla's letter to U.S. trade representatives highlighted potential challenges from tariff strategies, as sourcing parts domestically may become difficult under current trade policies.
The electric vehicle maker urged a reconsideration of tariffs, emphasizing that rising costs could significantly affect prices and competitiveness in the EV market.
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