Tesla fears retaliation from countries due to trade war

Tesla Inc. has expressed concerns about potential retaliatory actions from other countries due to the ongoing trade war initiated by President Trump. The company warned that such actions could increase manufacturing costs and reduce its competitiveness globally. In a letter to U.S. Trade Representative Jamieson Greer, Tesla highlighted that U.S. exporters often face significant impacts when other nations respond to U.S. trade policies. The company noted that previous trade actions have led to increased tariffs on electric vehicles in targeted countries. Tesla also urged the administration to consider the effects of tariffs on the electric vehicle and battery supply chain, which relies heavily on international sources. The trade war adds to Tesla's challenges, including declining sales and a recent loss of government subsidies in British Columbia.