Bill Oplinger, CEO of Alcoa Corporation, is Varney & Co. Joining the news that President Donald Trump intends to double tariffs on steel and aluminum imports by 50%.
Tesla warns that IT and other US exporters could be hit by retaliatory tariffs as president Donald Trump It imposes taxes on American trading partners.
In a letter sent to US trade representative Jamieson Greer earlier this week, Tesla wrote that “it supports a robust and thorough process of gathering information to ensure that appropriate actions are taken to address unfair trade practices and not inadvertently harm US businesses in the process.”
Tesla CEO Elon Musk is a close ally of Trump and entrusts him with leading the government's efficiency (DOGE), and the company's concerns resemble those raised by other US exporters amid the growing trade war.
“As a US manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts taken to address unfair trade practices,” writes Tesla.
Trump says we have “silly trade” rather than “free trade.”
Tesla CEO Elon Musk is a close ally of President Donald Trump, who has entrusted him with the Leading Doge. (Saul Loeb/Pool/AFP Getty Images/Getty Images)
“While Tesla recognizes and supports the importance of fair trade, the assessment made by USTR of potential actions to rectify unfair trade should also be considered exports from the United States,” the letter said.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 240.68 | -7.41 |
-2.99% |
“U.S. exporters are exposed to inherently disproportionate effects when other countries respond to US trade actions. For example, past US trade actions have resulted in immediate responses by target countries, including increased tariffs on EVs imported to these countries,” the company added.
Trump threatens further tariffs on Canadian steel, aluminum, electricity and vehicles
President Trump has been imposing tariffs on US trading partners, which he sees as a move to boost American industry. (Samuel Corum/Sipa/Bloomberg via Getty Images)
The Tesla letter also outlined that past tariff battles caused increased competition for the company's vehicles as manufacturing costs increased and overseas sales prices increased.
“So, past special tariff measures, (1) the cost of vehicles manufactured in the US to Tesla increases, and (2) the cost of the same vehicle when exported from the US, and as a result [a] “An international market that is less competitive for US manufacturers,” Tesla explained.
Tesla also wrote, “future trade policy measures should take into account existing restrictions on the domestic supply chain.”
Stellantis says it aims to produce more Americans.
President Trump recently purchased Tesla as a support show for CEO and Doge leader Elon Musk. (Mandel Ngan/AFP via Getty Images/Getty Images)
Tesla has a large number of domestic components in its supply chain, but some auto parts cannot be procured in the US, putting automakers at the hassle burden that makes it more difficult to maintain jobs in American manufacturing.
“Even with aggressive supply chain localization, certain parts and components are difficult or impossible to source within the United States. Tesla supports the USTR process to further assess the limitations of the US supply chain and ensures that they are unfairly borne by trade measures that may pose a levy of the occupational challenges that support the US manufacturers to further assess the restrictions on the US supply chain, and that they are unfairly borne by trade measures that may pose a levy of the occupational challenges that support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the occupations needed to support the
“Trade measures cannot (and are not necessary) conflict with the goals to further increase and support domestic manufacturing.”
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“As USTR continues to evaluate possible trade measures to correct unfair trade practices, it should also be considered in its implementation timeline. US companies will benefit from a step-by-step approach that prepares accordingly and ensures that appropriate supply chain and compliance measures are taken,” the Tesla letter concluded.
Reuters contributed to this report.
