Tesla’s Elon Musk no longer in favor of U.S. tariffs on Chinese EVs

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Tesla (NASDAQ:TSLA) CEO Elon Musk is no longer in favor of U.S. tariffs on Chinese electric vehicles, which contrasts his comments earlier this year, when he warned that Chinese automakers would "demolish" international rivals without trade barriers. The Biden administration last week quadrupled tariffs on Chinese EVs to 100% to combat "risks of overcapacity," along with wide-ranging increases in duties on other Chinese imports. "Neither Tesla (TSLA) nor I asked for these tariffs, in fact I was surprised when they were announced," Musk said during a remote Q&A session at the VivaTech conference in Paris. "Things that inhibit freedom of...