Elon Musk pauses Tesla orders in China amid trade war
Tesla has paused new orders for its Model S and Model X vehicles in China, following the US decision to impose 145% tariffs on Chinese imports. The move signals early fallout from President Trump’s escalating trade war.
unbranded – Newsworthy
WASHINGTON — President Donald Trump says he expects to reach a trade agreement with the European Union before the end of a 90-day pause on tit-for-tat tariffs between the trading partners.
“There will be a trade deal 100%,” Trump said ahead of an April 17 luncheon at the White House with Italian Prime Minister Giorgia Meloni. “I fully expect it.”
Asked if the EU was a priority for the administration, Trump said, “Everybody is on my priority list.”
Trump also said he was not worried that U.S. allies were growing closer with China as a result of tariffs and predicted the United States would also make a “very good” trade deal with Beijing.
“Nobody can compete with us. Nobody,” Trump said.
Meloni is the first European leader to meet with Trump since he imposed a blanket tariff on most nations. He put a further reciprocal tariff on the EU that is currently paused for 90 days while trade negotiations take place. The EU temporarily halted planned retaliatory tariffs in response.
The Italian prime minister, who belongs to the conservative Brothers of Italy party, said she considers the U.S. to be a reliable trading partner.
Meloni said she was at the White House to “make the West stronger” and support Western unity. “I think simply we have to talk,” she said. “And find ourselves in the best middle way to grow together.
She added: “If I wouldn’t think it’s a reliable partner, I wouldn’t be here.”
Trump has yet to meet with European Commission President Ursula von der Leyen since taking office. However, the EU’s trade chief held talks in Washington with his U.S. counterparts earlier in week. The United States had a substantial trade deficit of $235.6 billion with the bloc in 2024, according to the Bureau of Economic Analysis. It was second only to China, which Trump hit with 145% tariff hike.