Billionaire CEO is well connected in the US and China, something that could smooth the road ahead for the electric vehicle maker amid a looming tariff war
If it pays to have friends in high places, few among us can claim to be better placed than Elon Musk, the world’s richest man and one of the only people to have cosy relationships with bothand Xi Jinping. His commercial and political connections to both may prove pivotal as the feud between the US and China plays out over the next four years, particularly as Trump promises steep tariffs.
With large investments in two out of three of China’s economic priorities, Musk has been welcomed to the country with open arms. Reporting on the new battery factory in Shanghai, Chinesesaid: “Despite the US intensifying its crackdown on China’s new energy vehicle sector, Tesla has chosen to further invest in China. This highlights industry leaders’ robust confidence in China’s high-tech advancement”.
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