Elon Musk wants Trump to fix Tesla's China problems

Tesla’s pay package for Elon Musk is too high ISS claims

Frustrated by this imbalance, Musk asked Trump for "equal & fair rules for cars". Musk tweeted at Mr. Trump earlier Thursday that he is "against import duties in general, but the current rules make things very hard". Tesla began selling cars in China in 2014 and sold $1 billion worth of cars to the country in 2016, despite the 25 percent import tariff, helping earn it a spot on the Fortune 500.

He also tweeted about China's policy of forcing multinationals who want to manufacture there to partner with local firms - a strategy that imbues Chinese firms with know-how. Trump was discussing the tariff bill and its possible effects when he read a printed copy of Musk's tweet. 'They've known if for years, they never did anything about it. "It's got to change".

'We're going to be doing a reciprocal tax at some point.

Trump was quick to lap up the criticism, saying that USA politicians had known this for years but did nothing.

Politicians in both the European Union and China have already threatened to retaliate against the US if Trump implements import tariffs.

President Donald Trump on Thursday cited tech entrepreneur Elon Musk's supportive commentary on his decision to implement tariffs on steel and aluminum imports from almost every foreign country.

At a Cabinet meeting Thursday afternoon, Trump told reporters that he was intending to stick with the 25 percent tariff on steel and 10 percent on aluminum ahead of an expected announcement later in the day.

'We want a lot of steel coming into our country, but we want it to be fair and we want our workers to be protected'.

But last month, Trump tweeted his congratulations to Musk following a successful launch by Space Exploration Technologies Corp, another one of Musk's companies.

'To me, that was more unbelievable than watching the rocket go up because I've never seen that before. Nobody's seen that before, where they're saving the boosters, and they came back without wings, without anything.

No word on whether Trump responded to Musk via Twitter's direct message feature. It´s like competing in an Olympic race wearing lead shoes'.

Musk said in his Twitter rant that he had raised the issue with the Obama administration, but nothing was ever resolved. All Tesla wanted was a fair outcome, "ideally where tariffs/rules are equally moderate".

"Hope this does not seem unreasonable", he tweeted in conclusion. Tesla has been exporting cars to China and accounts for almost nine per cent of the electric vehicles (EV) market in the country.

Tesla announced the electric big rigs last November, and companies such as Walmart and DHL are reportedly interested.

Musk further noted that US companies are prohibited from owning a majority share of their Chinese production factories but that there are many Chinese owned automotive factories in the United States.

Earlier, Trump held a cabinet meeting where model rockets were on display.

Tesla has been pushing hard to build cars in China, the world's largest automotive market, but has hit roadblocks in negotiations with local authorities, in part because Musk is keen to keep full control of any local venture.

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