Tesla's Musk asks Trump if China and U.S. should have equal car rules
Tesla CEO Elon Musk tweeted President Donald Trump saying, "Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors....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...Also, no US auto company is allowed to own even 50% of their own factory in China, but there are five 100% China-owned EV auto companies in the US." Musk was responding to Trump's tweet from yesterday which said, "China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon
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