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Trump says unfair to US if Musk builds factory in India

  • Donald Trump stated it would be "unfair" to the U.S. If Elon Musk built a Tesla factory in India to avoid tariffs on electric vehicles, saying it is "impossible" to sell cars there due to high import duties.
  • Tesla has faced challenges in entering the Indian market due to tariffs up to 100%, which are intended to protect local automobile manufacturers.
  • President Trump discussed potential retaliatory tariffs on India if it continues its high tariffs on U.S. Goods during a meeting with India's Prime Minister Narendra Modi.
  • Elon Musk has expressed concerns about India's hefty import taxes and hopes to expand Tesla's presence there.
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FortuneIndia broke the news in on Wednesday, February 19, 2025.
Sources are mostly out of India (7)

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