Tesla Files Lawsuit To Stop Trump Administration’s China Import Tariffs

The tariffs allow the U.S. government to make money on U.S. car parts produced in China, though they also have a negative impact on U.S. automakers’ profit margins. The U.S.-based electric automaker says that the increased cost of such tariffs could hurt its financial situation, since it increases Tesla’s overall costs. In the meantime, China has worked to lower import tariffs, which is a direct benefit to Tesla. Prior to China’s reduced tariffs, Tesla had to sell its Model S at a ~$22,000 price increase and the Model X at a ~$38,000 increase. CEO Elon Musk shared back in 2018:…