Musk vs. Trump: tariffs endanger Tesla's future in the USA!

Musk vs. Trump: tariffs endanger Tesla's future in the USA!

Grünheide, Deutschland - Elon Musk recently personally contacted US President Donald Trump to dissuade him from his controversial customs policy. Despite Musk's intervention and the associated considerable price losses on the stock exchanges, Trump still holds on to his trading tariffs. According to Kosmo , Trump also rejected all the demands for a suspension of the tariffs and recommended that companies take into account the effects of the tariffs.

Kimbal Musk, Elons brother, critically commented on the customs measures and described them as a burden for American consumers. Musk uses his platform X to point out this topic and publicly criticized Trump's business advisor Peter Navarro. It is interesting that Musk shared a video by Milton Friedman that underlines the positive effects of global trade. The spokeswoman for the White House, Karoline Leavitt, explained that Trump works with personalities from different views, but ultimately all decisions have to be made by the entire administration.

consequences of customs policy

Despite his connection to Trump, which is characterized by support of over $ 250 million during his election campaign, Tesla warns of the negative consequences of American punitive tariffs. In a written appeal to the US trade officer Jamieson Greer, dated March 11, the company emphasizes that the production costs have increased in the USA. This also affects the prices of Tesla vehicles abroad, which affects the company's competitiveness. Tesla also receives some components and raw materials internationally, which shows the dependence on global trade, even if production takes place in the USA, analyzes Welt .

The industrial experts estimate that Tesla is less affected by the customs increases than traditional American automotive producers. Nevertheless, a decline in consumption expenditure, which is considered as a result of customs policy, could also have negative effects on Tesla. Trump bought a Tesla vehicle again, which may be seen as a sign of support, but this does not contribute to solving the tense situation.

international effects and reactions

Trump has imposed trade tariffs against a variety of countries, which means that products that are exported from the EU to the USA are subject to an inch of 20 percent. So far, the EU has not responded to the US tariffs, but possible countermeasures in the form of tariffs are under discussion, such as rbb24 . Popular American products such as Harley-Davidson motorcycles or Jack Daniels Whiskey could be affected.

economic observers warn that tariffs on services from the USA could also be considered. A growing group in internet forums calls for EU citizens to a boycott of American products to strengthen the European economy. This activity could have significant effects on American companies, although it remains unclear to what extent the boycott could actually be effective.