Elon Musk has said the impact of Donald Trump’s car tariffs on his company, Tesla, is “significant.”
“Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant,” he posted on X.
But Trump said the tariffs could be net neutral for Tesla.
He said his key adviser Musk had not advised on the matter “because he may have a conflict”.
Tesla and other carmakers commonly buy headlamps, glass, brakes, body panels, suspension parts and circuit boards from foreign suppliers in Mexico, Canada and China.
The company recently wrote to the US Trade Representative, the agency that develops the country’s foreign trade policies, saying “certain parts and components are difficult or impossible to source within the United States” (Skynews)