President Donald Trump's trade representative received an unusual letter this week from Tesla Motors, stating that the company is "exposed" to retaliatory tariffs.
Tesla… warned that US exporters were “exposed to disproportionate impacts when other countries respond to US trade actions”.
That’s the point of retaliatory tariffs. Trump’s tariffs are stupid, other country’s tariffs are smarter and more targeted to have outsized impact on the US and less impact domestically. It’s absolutely intentional.
That’s the point of retaliatory tariffs. Trump’s tariffs are stupid, other country’s tariffs are smarter and more targeted to have outsized impact on the US and less impact domestically. It’s absolutely intentional.