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Elon Musk Criticizes Biden Administration's Imposition of 100% Tariffs on Chinese EV Imports, Asserting That Such Policies "Distort the Market and Are Not Good."

Benzinga LogoBenzinga3w ago

 Elon Musk Criticizes Biden Administration's Imposition of 100% Tariffs on Chinese EV Imports, Asserting That Such Policies "Distort the Market and Are Not Good." - Benzinga

Quick Summary:

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Thursday criticized the Biden administration’s recent hike in tariffs on EV imports from China, terming it a distortion of the market.

Things that inhibit freedom of exchange or distort the market are not good," Musk said in his virtual address at Viva Technology in Paris, as quoted by The Guardian.

What Happened: "Neither Tesla nor I asked for these tariffs, in fact I was surprised when they were announced.


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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-24 @ 12:48:17 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21074728

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 4 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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