Tesla CEO Elon Musk says if the United States does not impose significant tariffs on China, the American auto industry faces decimation.
BREITBART
Tesla CEO Elon Musk says if the United States does not slap hefty tariffs on China, the American auto industry will be decimated.
According to CNBC, Musk made the remarks on a Tesla earnings call this week, suggesting that absent U.S. tariffs on China, Chinese automakers like BYD and Nio Inc. “will pretty much demolish” American automakers.
“So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established,” Musk said on Tesla’s earnings call Wednesday. [Emphasis added]
“Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world.” [Emphasis added]
