Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.
Ursula Von der Leyen, the European Commission president, pushed Beijing to help rein in Russia’s war in Ukraine after meeting with the Chinese and French leaders in Paris.
From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.
Sales of the company’s electric cars dropped in the first three months of the year, even as other automakers sold more battery-powered vehicles.
Musk ayudó a crear la industria china de vehículos eléctricos. Pero ahora se enfrenta a desafíos allí, así como al escrutinio en Occidente por su dependencia al país.
Mr. Musk helped create China’s electric vehicle industry. But he is now facing challenges there as well as scrutiny in the West over his reliance on the country.
Mientras el precio de las acciones cae, los inversores se preguntan si la empresa, dirigida por Elon Musk, podrá resistir la intensificación de la competencia.
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.
La economía china se beneficia del aumento de las ventas de productos manufacturados al exterior, que crea empleos. Pero el impacto podría sentirse en las fuerzas laborales de Europa y Asia.