Tesla’s market, Europe’s business and tariff barrier … The entire Inside Story of the fight between Musk and Peter Naro – Tesla’s market, Europe’s business and tariff barrier … The full Inside Story of the fight between Musk and Peter Navaro
The tariff is most discussed in the world at this time. On April 2, US President Donald Trump announced the imposition of reciperook tariff on more than 70 countries. Under this, America imposed tariffs on many countries. The effect of this was that there was a sharp decline in stock markets around the world including America. This increased the stir and two big officials of Trump’s top team, Elon Musk and Peter Naro, clashed with the tariff.
Elon Musk is Doge Chief while Peter Narwaro is the economic advisor of Trump. Peter Narwaro is considered to be the architect of the tariff. He is a staunch critic of China and has been advocated to impose heavy tariffs on those countries which are causing a big trade deficit to America. These include Europe.
Elon Musk was angry with the imposition of heavy tariffs on Europe as many of his company Tesla’s manufacturing companies are largely in Germany and other European countries. In such a situation, they were suffering from imposing heavy tariffs on Europe, which is likely to move further in future.
According to the report, the reason for Musk’s concern is that Tesla’s business is dependent on Europe and other regions. Tesla’s cars are sold more in Europe. Tariffs will increase the price of cars and its parts, which can affect Tesla’s sales and profits.
Please tell that Musk has been in favor of free trade for a long time. They believe that trade barriers like tariffs prevent innovation and economic development. He wants a zero tariff policy to be applied between the US and Europe so that a free trade sector is formed.
He said that I hope that Europe and America should move forward together. In my view, the condition of zero tariff will be better, which will allow free trade between Europe and North America. It is known that Trump has imposed a 20 percent tariff on the European Union.
On the statement of Zero Tariff’s Musk between the US and Europe, Navaro said that it was interesting to know that Musk is talking about Zero Tariff Zone with Europe. Actually he does not understand. I think it would be fine for Elon to understand the sale of cars. This is what they do.
Let us know that while addressing the media in the Rose Garden of the White House, Trump described April 2 on the liberation day for America. Trump said that America had needed this Liberation Day for a long time. From now on, April 2 will be remembered as a rebirth of the American industry. On this day, we will remember America as a rich nation. We will make America rich again.
