Bloomberg characterised Beijing’s consideration of a doable Musk transaction as “nonetheless preliminary,” noting that Chinese language officers have but to achieve a consensus on tips on how to proceed.
Musk is a detailed ally of Trump and is anticipated to play an influential function in Washington within the coming 4 years.
He additionally runs the electrical automobile firm Tesla, which has a significant manufacturing facility in China and counts the nation as one of many automaker’s largest markets.
Trump has repeatedly threatened to enact new tariffs on Chinese language items, which might develop a commerce warfare begun in his first time period and which was largely upheld, and in some instances supplemented, by outgoing President Joe Biden.
