Elon Musk Says Growing US-China Tensions Should Concern Everyone

• Elon Musk informed CNBC that rising US-China tensions ought to concern everybody.
• He mentioned US and China are like “conjoined twins” and any fallout would influence the world financial system.
• Musk additionally mentioned there was “some inevitability” about China’s stance towards Taiwan.

Elon Musk is anxious concerning the intensifying geopolitical tensions between US and China — and he thinks everybody else needs to be too.

“I believe that needs to be a priority for everybody,” Musk informed CNBC’s David Faber on Tuesday in response to a query concerning the “rising belligerence between the US and China.”

Musk additionally mentioned there was “some inevitability” about China’s transfer to take management of Taiwan, a self-ruled island that Beijing claims as its territory. 

“The official coverage of China is that Taiwan needs to be built-in,” Musk mentioned. “One doesn’t have to learn between the strains.”

Tensions between the US and China have risen lately as a consequence of a spread of points: from commerce disputes, and China’s wide-ranging updates to its anti-espionage legislation, to strategic competitors in expertise like chips — for which Taiwan is a important producer. 

US President Joe Biden informed CBS 60 Minutes mentioned final September that the US forces would defend Taiwan if China invaded the island.

The state of affairs might get severe and have an effect on the worldwide financial system.

“The Chinese language financial system and the remainder of the worldwide financial system are like conjoined twins. It will be like making an attempt to separate conjoined twins. That is the severity of the state of affairs,” Musk, the CEO of electrical car maker Tesla, informed Faber.

“And it is truly worse for lots of different firms than it’s for Tesla. I imply, I am undecided the place you are going to get an iPhone, for instance.”

Taiwan Semiconductor Manufacturing Firm, the world’s largest contract chipmaker, is a key provider to Apple.

In a transfer to diversify its provide chain, Apple has been shifting manufacturing beforehand concentrated in China to different nations together with India — however the tech large is simply making simply 7% of its iPhones in India now, Bloomberg reported on April 13, citing folks conversant in the matter. 

Tesla and Musk didn’t instantly reply to Insider’s request for remark despatched outdoors common enterprise hours.