Tesla Appealed For Reduced Tariffs On Its China-Made EVs In Canada, Similar To EU: Report
Portfolio Pulse from Anan Ashraf
Tesla has requested the Canadian government to reduce tariffs on its China-made EVs, similar to the EU's 9% rate, before Canada announced a 100% tariff effective October 1. This move follows the U.S. decision to increase tariffs on Chinese EVs, although Tesla does not import these to the U.S.
August 29, 2024 | 9:16 am
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Tesla requested Canada to reduce tariffs on its China-made EVs, similar to the EU's 9% rate, before Canada announced a 100% tariff. This could impact Tesla's pricing strategy and market competitiveness in Canada.
Tesla's request for reduced tariffs indicates a concern over the competitiveness of its China-made EVs in Canada. The 100% tariff could lead to higher prices, affecting sales and market share. The EU's lower tariff rate highlights a potential disadvantage for Tesla in Canada.
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