Tesla, owned by Elon Musk, has sent a non-signed letter to the best trade representative of Donald Trump that the company can be damaged by the president's rate war.
The CEO of Tesla has earned the nickname of 'First Buddy' since he came to Trump in July on the campaign track, in which the president the presence of Musk – and millions of donations – LON with a special role of the White House.
The company of Musk, however, seems to have informed the American trade representative Jamieson Greer that the President's trade war with Canada and Mexico is bad for business.
The rates are likely to increase the costs for American companies that use the metals, such as car manufacturers.
The non -signing missioner was uploaded to the Public Comment Portal for Greer by one of Tesla's in House Lawyers.
Tesla often does not leave his public comments signed, although many will speculate whether Musk had something to do with it, given his tight relationship with Trump.
The automaker said it is important to ensure that the efforts of the Trump administration to tackle trading problems 'do not unintentionally harm American companies.'
Tesla, owned by Elon Musk, has sent an unavoidable letter to the best trade representative of Donald Trump that the company can be damaged by the president's tariff war
The CEO of Tesla has earned the nickname of 'First Buddy' since he came to Trump in July on the campaign track, in which the president rewarded the presence of Musk – and millions of donations – with a special role of the White House
It said that it was enthusiastic to prevent retribution of the type with which it was confronted in earlier trade conflicts, which resulted in increased rates for electric vehicles that were imported in countries that were subject to American rates.
“American exporters are inherently exposed to disproportionate effects when other countries respond to American trading actions,” is the letter.
“For example, previous trading actions of the United States have resulted in immediate reactions by the intended countries, including increased rates for EVs imported into those countries.”
At the beginning of April, Trump is considering imposing important rates on vehicles and parts that have been made all over the world.
Tesla warned that even with the aggressive localization of the supply chain, “certain parts and components are difficult or impossible to find in the United States.”
The automaker added that companies will benefit from a phased approach with which they can prepare accordingly and ensure that the correct supply chain and compliance measures are taken. '
“As an American manufacturer and exporter, Tesla is encouraging the downstream effects of certain proposed actions that are being taken to tackle unfair commercial practices,” said the EV -maker in Tuesday's letter.
Dailymail.com has contacted both the White House and the ambassador Greer for comment.
It is because the bromance of Musk and Trump seems stronger than ever after Trump turned the White House into a Tesla showroom earlier this week.
Trump was called his promise to buy one of the expensive electric cars to support Musk, which leads his efforts for the efficiency of the government to reduce the size and scope of the federal government.
The model that Trump bought, which he said would use his staff in the White House, has a starting price of $ 76,880.
He and Musk were in the car. Trump started the engine and Musk showed him the characteristics. Unfortunately, the president did not take it for a test drive and said that the secret service would not leave him.
Trump repeatedly defended Musk.
“This man is a great patriot and you should cherish it,” he said about him.
Despite a short rise in the share price after the White House event, Tesla shares continued to slide the rest of the week.
Tesla shares have now fallen 36% years so far in the market.
His company seems to have asked us trade representative Jamieson Greer to be careful how the president continues his trade war with Canada and Mexico
The sale of Wall Street reached a new low Thursday after the Escalende Trading War of President Donald Trump had dragged the S&P 500 more than 10 percent under the record – last month.
A decrease of 10 percent is a large enough deal that professional investors have a name for it – a 'correction' – and the S&P 500, 1.4 percent slide on Thursday sent the index to the first since 2023.
The losses came after Trump increased the commitment in his trade war by threatening enormous taxes on European wines and alcohol. Even a double shot of good news about the American economy could stop bleeding.
The decrease in the S&P 500 of his High on February 19 only took 16 trade sessions, making it the seventh fastest correction since the records started after the crash in 1929 that caused the big depression, according to Bloomberg data.
