Elon Musk's Boring Company will prioritize pedestrians over cars

Метро будущего Илон Маск показал новую разработку

In announcing his order to charge tariffs on steel and aluminum on Thursday, Trump read off tweets Musk sent hours earlier noting that China charges a 25 percent import duty on cars, 10 times the 2.5 percent levy the USA puts on China-built vehicles. These many smaller stations would blend more easily into the urban landscape than the large subway or train stations now used, according to Musk's tweets. "We just want fairness".

An agreement has not been finalized because the two sides disagree on the ownership structure of a proposed factory, people with direct knowledge of the situation have told Bloomberg News. The company declined to comment.

Tesla has been looking to reduce its import duties to China by manufacturing their vehicles locally.

Late Thursday, Musk struck a more hopeful tone.

Describing the pod, Musk wrote, "I guess you could say it's a 150 miles per hour, underground, autonomous, electric bus that automatically switches between tunnels and lifts".

Tesla shares were down half a per cent at $327.25 after markets closed on Thursday.

China, which is making a major push toward electric cars, requires foreign automakers to build factories in 50-50 joint ventures with domestic Chinese automakers and not allowed them to establish wholly owned factories.

The tweets came one day after Trump wrote that his administration had asked Beijing to cut the annual USA trade deficit by $100 billion (though his tweet mistakenly listed the amount at $1 billion).

China levies a 25 percent duty on sales of imported vehicles.

"Do you think the US & China should have equal & fair rules for cars?" Instead it sets up rewards for Musk based in part on electric vehicle maker Tesla's market value rising to $650 billion over the next 10 years, from around $56 billion now. Musk noted that China charges a 25 percent import duty on cars, ten times the 2.5 percent levy the USA puts on China-built vehicles.

Trump said the United States plans to charge countries a "mirror tax" for what American products face.

According to The Verge, Musk wanted Trump to pressurise China to change its stance on these issues.

But when Trump read Musk's tweets during a press event, he said that "at some point", the President was likely to enforce what he called a "reciprocal or mirror tax", where he would match the tariffs China has put on USA imports. The Tesla chief executive officer served on two White House advisory councils before stepping down in June after the president announced he would pull the US out of the Paris climate accord.

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