President Trump Is Angry About How China Treats American Automakers. But the U.S. Is Actually Winning [Fortune]
Tesla, Inc. (TSLA)
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Source: Fortune
By Aric Jenkins 4:52 PM EDT President Donald Trump railed on Monday about Chinese tariffs on cars – pointing out the American cars are charged a 25% duty in China but Chinese-made cars are only subject to a 2.5% tariff in the U.S. “When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%,” Trump wrote on Twitter early in the morning. “When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!” It’s the second time the idea of Chinese car imports have crossed the president’s Twitter feed during his ongoing trade dispute with China – America’s largest trading partner . Trump’s tweet seems to mirror complaints Tesla CEO Elon Musk made last month about Chinese tariffs on U.S.-made cars. But Trum
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