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The levies on Chinese electric vehicles distort the car market, according to the Tesla boss Tesla CEO Elon Musk has denounced the US government’s newly announced tariffs on electric vehicles imported from China as “not good.”

The country is too big to sideline, according to the investment bank’s Asia CEO China is an important player on the global economic stage that cannot be left aside, JPMorgan Asia Pacific CEO Sjoerd Leenart said on Thursday at the 20th annual Global China Summit in Shanghai.