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Fortune
Fortune
Fortune Editors

Trump's new campaign pledge on autonomous EVs is good for Musk and Waymo, bad for China

Tesla CEO Elon Musk (R) joins former US President and Republican presidential candidate Donald Trump during a campaign rally. (Credit: Photo by JIM WATSON/AFP via Getty Images)

On the same day as Tesla's Cybercab launch, former President Donald Trump said on the campaign trail that he would ban Chinese-made autonomous vehicles if reelected to the White House this November.

"I will continue my first-term efforts to protect America from the threat of Chinese automobiles. I will stop Chinese and other countries producing automobiles and autonomous vehicles," Trump said at a Detroit Economic Club campaign event. He also promised to make car loans fully tax deductible and touted his plan to give small businesses bigger tax deductions. 

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