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StockWaves > Global Markets > Elon Musk’s SpaceX, Tesla foyer on Trump tariffs
Global Markets

Elon Musk’s SpaceX, Tesla foyer on Trump tariffs

StockWaves By StockWaves Last updated: March 15, 2025 4 Min Read
Elon Musk’s SpaceX, Tesla foyer on Trump tariffs
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Tesla CEO Elon Musk watches as President Donald Trump talks to the media, exterior the White Home in Washington, D.C., March 11, 2025.

Kevin Lamarque | Reuters

Two firms led by billionaire DOGE chief Elon Musk — SpaceX and Tesla — have submitted letters lobbying the U.S. commerce consultant on Trump administration tariff insurance policies.

However the two firms had totally different messages for U.S. Commerce Consultant Jamieson Greer.

The electrical car maker Tesla warned of the detrimental impact on its backside line from tariffs and from duties imposed by different nations on U.S.-made merchandise in retaliation for these tariffs.

SpaceX complained that working prices for its Starlink web satellite tv for pc service are elevated by commerce boundaries overseas, whereas overseas rivals face no such prices in america.

The letters come as Musk oversees the so-called Division of Authorities Effectivity, an effort to slash federal authorities spending and worker head rely on the behest of President Donald Trump.

On the identical time, Trump is imposing stiff tariffs on China, Mexico and Canada, with China and Canada firing again with retaliatory tariffs.

The letters are two of greater than 700 acquired thus far by the commerce consultant’s workplace in response to an invite for public touch upon “unfair commerce practices by different nations.” The responses are posted on a public docket.

Jamieson Greer, President Donald Trump’s nominee to be U.S. commerce consultant, testifies throughout his Senate Finance Committee affirmation listening to, within the Dirksen Senate Workplace Constructing, Feb. 6, 2025.

Tom Williams | CQ-Roll Name, Inc. | Getty Pictures

Tesla, in its unsigned letter to Greer, inspired him “to contemplate the downstream impacts of sure proposed actions taken to handle unfair commerce practices.”

“Whereas Tesla acknowledges and helps the significance of truthful commerce, the evaluation undertaken by USTR of potential actions to rectify unfair commerce must also take note of exports from america,” stated the letter, which was submitted by Tesla’s affiliate basic counsel Miriam Eqab.

“U.S. exporters are inherently uncovered to disproportionate impacts when different nations reply to U.S. commerce actions.”

Tesla famous that, “Previous U.S. particular tariff actions have thus (1) elevated prices to Tesla for automobiles manufactured in america, and (2) elevated prices for those self same automobiles when exported from america, leading to much less aggressive worldwide market for U.S. producers.”

“USTR ought to examine methods to keep away from these pitfalls in future motion,” the letter stated.

SpaceX, in its letter to Greer, stated that it “faces a spread of regulatory complexities and commerce boundaries in each nation that the U.S. Authorities ought to search to handle to be able to help continued U.S. management within the area area.”

The letter famous that the corporate should pay overseas governments for entry to spectrum and import duties for its Starlink satellite tv for pc web tools, and different charges that “considerably improve the price of working in these nations — artificially.”

“The import duties paid in a handful of nations characterize a big price improve for Starlink merchandise in these nations, regardless of america having primarily no duties on comparable overseas merchandise which can be imported into america to serve clients right here,” wrote Mat Dunn, SpaceX’s senior director of worldwide enterprise and authorities affairs, within the letter.

“As President Trump has famous with different sectors, this can be a important drawback to U.S. firms,” Dunn wrote.

Tesla and SpaceX didn’t instantly reply to a request for remark from CNBC about their letters.

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