AP/Evan Vucci
Posted on 03/08/2018 12:58:14 PM PST by servo1969
In a surprising turn of events, Tesla CEO Elon Musk has taken to social media to make a case for President Trumps recently proposed tariffs.
President Trump published a tweet yesterday stating that China was asked to develop a yearly plan for the One Billion Dollar reduction in their trade deficit with the United States. President Trump was well received during his visit to China earlier this year and notes this by saying that U.S. relations with China are very good and that he looked forward to seeing what ideas they came up with. But, President Trump urged that the United States must “act soon” to increase tariffs.
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A surprising reply to President Trump came from billionaire Tesla CEO Elon Musk, who asked the President whether or not the United States and China should have equal rules relating to cars, specifically on import duties, ownership constraints, etc.
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Musk gave an example of this noting that a car produced in the United States and imported into China pays a 25 percent import tax but that China only pays a 2.5 percent import tax when sending their cars to the U.S.
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Musk further noted that U.S. companies are prohibited from owning a majority share of their Chinese production factories but that there are many Chinese owned automotive factories in the United States.
(Excerpt) Read more at breitbart.com ...
I have only seen ONE Chinese car here, the Chery.................
I think I saw that car at the 99 cent store once..
At what point does Musk have to produce enough in taxes to satisfy your chronic smearing of his using piles of money offered to him?
His ventures have produced more tax revenue than what he received as credits/subsidies/loans/etc.
Pretty obvious at this point he’s not just another Solyndra, created to cash a big check and disappear. Tesla makes high-demand high-quality cars, SpaceX is regularly launching & reusing rockets at deep cost discounts (and making money at it), and his other ventures likewise are making significant progress.
He’s been at this for 2 decades, with an excellent track record for starting innovative companies.
Yeah, would be nice if he wasn’t using taxpayer money. Insofar as your legislators insist on offering piles of it to him, I can’t fault him for leveraging (and paying back!) the opportunity.
What in the heck is a Chinese owned car manufacturer in the US?
VOLVO!!
Chinese owned.
Ho li cao.
Mutual admiration society
The mutual admiration is deserved
His rocketry justifies it all
Current models for sale in USA are Buick Envision, Cadillac CT6 Plug-in Hybrid, and long wheelbase Volvo S60, built in China. Next model year’s Ford Focus will be imported from China. There might be a couple more I haven’t noticed.
Why post such an awful picture of Trump?
I think that picture makes it easier to compare hand sizes.
Good heavens!....................
By contrast, Musk’s Teslas are made in California, which at least borders the United States.
A billion dollar dreduction in a 500 billion dollar deficit?
Hope Elon is on his next rocket.
Long time no see. How ya been doing? Noticed many, many resurrected and come back into the fold, posting once again on FR after a long absence.
That’s the one that was with article.
Focus?
Bofus?
Jamaica?
No, I didn’t even kiss her!
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