Tesla has raised alarms regarding Trump's tariffs, suggesting they could severely impact the U.S. electric vehicle market and broader economy. In a letter to the U.S. Trade Representative, Tesla emphasized the potential for job losses among its workforce and others in the auto industry due to increased manufacturing costs and challenges sourcing parts domestically. The company advocates for a careful review of trade practices to ensure they do not inadvertently harm American businesses while underscoring the potential for diminished global competitiveness in the automotive sector.
Elon Musk's Tesla is waving a red flag, warning that Trump's trade war risks dooming US electric vehicle makers, triggering job losses, and hurting the economy.
Tesla supports a robust and thorough process to address unfair trade practices, but only those which do not inadvertently harm US companies.
According to Tesla, the current process to address unfair trade threatens to harm its more than 70,000 employees and could trigger job losses in the US auto industry.
Even with aggressive localization of the supply chain, certain parts and components are difficult or impossible to source within the United States.
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