Trump’s tariffs won’t save Musk from China’s BYD
No one wins in a trade war, as economists have insisted for decades. Yet Elon Musk sure does seem to be blowing this maxim to smithereens. In January 2024, the Tesla billionaire warned that America’s electric vehicle industry had no chance of beating China’s without massive tariffs. Fast forward 14 months and Musk finds himself in the winner’s circle as Trump hits the global car industry with 25%
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