Tesla warns it could face retaliatory tariffs
Source: Reuters
March 14, 2025 1:29 AM EDT Updated 2 hours ago
WASHINGTON, March 13 (Reuters) - U.S. automaker Tesla (TSLA.O) has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
The Tesla comments reflect those of many U.S. businesses concerned by Trump's tariffs, but is notable because it is from Tesla. Tesla CEO Elon Musk, a close ally of Trump, has been leading the White House effort to shrink the size of the federal government. The billionaire heads up the so-called Department of Government Efficiency.
The comments were made in a letter to the U.S. Trade Representative's Office and available on the office's web site. Dated Tuesday, it is among hundreds sent by companies to the office about U.S. trade policy. It is not clear who at Tesla wrote the letter, which is unsigned but is on a company letterhead. Tesla did not immediately respond to a request for a comment.
Tesla says it is important to ensure that the Trump administration's efforts to address trade issues "do not inadvertently harm U.S. companies." It says it is eager to avoid retaliation of the type it faced in prior trade disputes, which resulted in increased tariffs on electric vehicles imported into countries subject to U.S. tariffs.
Read more: https://www.reuters.com/business/autos-transportation/tesla-warns-trump-administration-it-is-exposed-retaliatory-tariffs-ft-reports-2025-03-13/
Muskrat spent $250 million to put 45 back in office and some company board members are fighting tooth and nail to give him a $56 billion (with a "b" ) pay package, rejected TWICE by a judge.
RainCaster
(13,367 posts)The sentiment around the world is against Tesla, by a strong margin. Let the world place strong tarrifs on Tesla to increase that level of punishment. I would love to see Musk lose bigly.
NotHardly
(2,557 posts)turbinetree
(26,932 posts)fuck him..............
dutch777
(4,828 posts)That is actually where other countries can hit the US most quickly and substantively without directly exacerbating the tariff tit for tat. If folks simply don't buy US goods and services, it is an even stronger message. We have seen this before under Trump 1.0 and before. When other countries either give up their interest in our goods or purchase the same product from non-US sources, US businesses get hit immediately PLUS in many cases when the "war" clouds lift, find out even if they can get back into that foreign market it is at a lesser volume level for a long time. Whether it is cars, ag products or whiskey, the pain will continue.
Prairie Gates
(7,131 posts)travelingthrulife
(4,314 posts)Mr. Evil
(3,434 posts)I do know for certain that "shitheadery" is now ingrained into my vocabulary and ready for use!
IronLionZion
(50,728 posts)Ironically, other American auto companies' stocks are doing better than Tesla's despite being more impacted by tariffs. Tariffs are not the problem with Tesla, it's the sketchy muskrat pissing on everything.
Dave Bowman
(6,534 posts)multigraincracker
(36,841 posts)bronxiteforever
(11,062 posts)
Miguelito Loveless
(5,395 posts)Bankrupt them.
Basso8vb
(1,230 posts)Ollie Garkie
(332 posts)Faces.
Bengus81
(9,758 posts)Initech
(107,241 posts)BlueKota
(5,034 posts)CountMyVote4Reality
(287 posts)Not.
SleeplessinSoCal
(10,366 posts)"Elon Musk is trying yet again to get his $56 billion Tesla pay package reinstated with a fresh appeal to the Delaware Supreme Court."
https://www.theregister.com/2025/03/12/elon_musk_appeals_voided_pay_package/
Javaman
(65,048 posts)FAFO!
Escurumbele
(4,001 posts)will not allow him to do so...
"Tariffs for Tesla? OK, then no tariffs, please forget I ever said anything about tariffs...ha ha, I was only joking, you know what a buffoon I am."
~~ donald trump (just a prediction)
aggiesal
(10,517 posts)DENVERPOPS
(13,003 posts)and countless other RepubliCONs are so stupid, they only think to the end of their noses. They have never heard of the "Domino Effect" or the 'Law of Unintended Consequences"............
But There are 70+ Million of their Cult, that are blind, mindless, brain dead, followers......
Figarosmom
(9,642 posts)dflprincess
(29,135 posts)They've seem to have plenty of grounds.
PortTack
(35,810 posts)jmowreader
(52,869 posts)Tesla, however, is not a Great American Company.
Bengus81
(9,758 posts)grockri
(67 posts)Elon is going losing his ass. Hope Tesla fails completely. I willl never own one. Elon is a racist Nazi Asshole.