Elon Musk: For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference

by


Elon Musk sides with Trump on trade with China, citing 25% import duty on American cars
 

Elon Musk sides with Trump on trade with China, citing 25% import duty on American cars from CNBC.

 

  • Elon Musk believes China isn’t playing fair in the car trade with the U.S.
  • The auto executive says the Asian country puts a 25 percent import duty on American cars, while the U.S. only does 2.5 percent for Chinese cars in return.
  • “I am against import duties in general, but the current rules make things very difficult. It’s like competing in an Olympic race wearing lead shoes,” Musk tweets.