China Hits Back At EU's 'Unfair' EV Tariffs That Gave Relief To Chinese-Made Tesla: 'Will Take All Necessary Measures'
Portfolio Pulse from Benzinga Neuro
China opposes the EU's reduced tariffs on Tesla's China-made EVs, calling them unfair. The EU set Tesla's tariffs at 9%, down from 20.8%. China vows to protect its EV industry.
August 21, 2024 | 1:09 pm
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The EU reduced import tariffs on Tesla's China-made EVs to 9%, down from 20.8%, which could benefit Tesla by making its vehicles more competitive in the EU market.
The reduction in tariffs from 20.8% to 9% on Tesla's China-made EVs by the EU makes Tesla's vehicles more price-competitive in the European market, potentially increasing sales and market share.
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