GREY:ABGPF - Post by User
Comment by
mancunian474732on Jun 11, 2017 4:26pm
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Post# 26350460
RE:RE:RE:Green energy products not so green if they come from China
RE:RE:RE:Green energy products not so green if they come from China"his recent withdrawal from Trump's Economic Advisory Board is a huge mistake"
Agreed 100%.
He needs Trump more than Trump needs his advise. Quite the clash of egos.
The Paris Climate Agreement can be re-negotiated and the USA may still participate.
Musk needed to stand by Trump even though he disagrees.
China has an import duty of (if my memory serves me) of 25% on vehicles imported from the USA. Europe has a similar import duty by away of VAT. (value added tax).
To make for a level playing field Trump was going to put a duty on imported cars, but that has been put on hold because right now he needs China's help in controlling the NK leader. A tax on imported cars would give Tesla a big boost and he would not have to build gigafactories in China or Europe in order to avoid the tax.
Big mistake Mr Musk, you are (or should) put the Tesla business ahead of protecting the environment. Your stock holders require nothing less.