The Trump administration is expanding its efforts to block the use of Chinese te...
WASHINGTON - The Trump administration is expanding its efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride hailing company Uber’s petition to waive tariffs on electric scooters.
In May, Reuters reported USTR had rejected a separate request by Tesla to exempt the Autopilot “brain” from the tariffs. Tesla had warned that increased tariffs on the car computer it has dubbed the “brains” of the Model 3 causes “economic harm to Tesla, through the increase of costs and impact to profitability.”
Shares of Tesla were off earlier highs after Reuters first reported the decisions, but were still up 1.7% at $212.82 in early afternoon trading on the Nasdaq on Thursday.
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