Brief by Shorts91NewsDesk / 07:40am on 14 Mar 2025,Friday Business
Tesla has expressed concerns over potential retaliatory tariffs resulting from President Donald Trump's aggressive trade policies. In a letter to the U.S. Trade Representative's Office, Tesla highlighted that previous U.S. trade actions led to increased tariffs on electric vehicles (EVs) exported to affected countries, thereby impacting U.S. exporters disproportionately. The company emphasized challenges in sourcing certain parts domestically, even with efforts to localize supply chains, and advocated for a phased implementation of new trade measures to allow businesses time to adapt. Additionally, the trade group Autos Drive America, representing major foreign automakers, echoed these concerns, warning that broad-based tariffs could disrupt U.S. production, elevate consumer prices, reduce vehicle model availability, and potentially lead to job losses across the supply chain.
