Financial Times Reported Earlier, EU To Hit Teslas Imported From China With 19% Tariffs
Portfolio Pulse from Benzinga Newsdesk
The European Union is set to impose a 19% tariff on Tesla vehicles imported from China. This move could impact Tesla's pricing strategy and sales in the European market.
August 20, 2024 | 10:32 am
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The EU's decision to impose a 19% tariff on Tesla vehicles imported from China could lead to increased prices for Tesla cars in Europe, potentially affecting sales and market share.
The 19% tariff will likely increase the cost of Tesla vehicles in Europe, making them less competitive compared to locally produced vehicles. This could lead to a decrease in sales and market share in the European market.
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