Trump may give Musk’s Tesla boost by slapping over-the-top tariffs on Chinese EVs – expert

Trump may give Musk’s Tesla boost by slapping over-the-top tariffs on Chinese EVs – expert Donald Trump may help Tesla and the domestic EV industry by imposing very high tariffs on Chinese EV exports to the US, Dr. Mamdouh G. Salameh, a global energy expert, told Sputnik. “This will give a domestic boost to Tesla,” he said, “in return for the financial and political support” that Tesla CEO Elon Musk provided to his election campaign. Weighing in on Trump’s campaign pledges to “end the electric vehicle mandate on day one,” geopolitical commentator Thomas W. Pauken II speculated that Biden’s EV subsidies were “not exactly very business-orientated.” “It was a case of having government spending on unpopular EVs… It didn’t make the cars cheaper. It just made it cheaper for the manufacturers to produce the cars and to even go head over heels over increasing automated manufacturing. So, the subsidies, rather than invest into human labor or to lower the cost, instead went to the manufac... Source: Sputnik International