The Biden Administration’s recent decision to impose new tariffs on Chinese goods impacted many sectors, particularly the electric vehicle sector. Tesla (TSLA) CEO Elon Musk expressed his disapproval of the new legislation — which raised tariffs on Chinese electric vehicles from 25% to 100% — despite his previous support for Chinese tariffs.
In a statement, Musk said, "Things that inhibit freedom of exchange or distort the market are not good."
#youtube #China #elonmusk
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