Author: Stephen Johnson / Source: Big Think
In a series of tweets before a scheduled announcement from the White House on Thursday about new tariffs on steel and aluminum, Tesla CEO Elon Musk suggested to President Trump that the U.S. should seek more “equal & fair” trade rules for cars with China.
The tweets came one day after Trump wrote that his administration had asked Beijing to cut the annual U.S. trade deficit by $100 billion (though his tweet mistakenly listed the amount at $1 billion). Musk responded:
Musk told The Verge that it’s “better if all countries lower tariffs.” However, Trump said he plans to institute what he calls “mirror” taxes on China, which would effectively match the tariffs Beijing puts on U.S. imports. The plans are so far unspecified, though Trump said “we’re going to be doing a lot of that.”
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