Donald Trump criticized Tesla's potential factory in India, calling it "unfair" to the U.S. in a Fox News interview. He pointed to India's high car tariffs, which he raised during Prime Minister Narendra Modi's U.S. visit. Tesla CEO Elon Musk has long opposed India's import duties, which protect domestic automakers like Tata Motors. India recently lowered EV import taxes to 15% for automakers investing $500 million in local production. Tesla has picked locations for two showrooms in New Delhi and Mumbai and is hiring in India. Trump's push for reciprocal tariffs has heightened global trade tensions.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Donald Trump criticized Tesla's potential factory in India,
00:05calling it unfair to the U.S. in a Fox News interview.
00:08He pointed to India's high car tariffs, which he raised during Prime Minister's
00:12Narendra Modi's U.S. visit.
00:14Tesla CEO Elon Musk has long opposed India's import duties,
00:17which protected domestic automakers like Tata Motors.
00:20India recently lowered EV import taxes to 15% for automakers,
00:24investing $500 million in local production.
00:26Tesla has picked locations for two showrooms in New Delhi and Mumbai,
00:30and is hiring in India.
00:32Trump's push for receptacle tariffs have heightened global trade tensions.