EU to cut planned tariff on Tesla China-made EVs to 9%
The tariff is lower than the 20.8% it had indicated in July. In addition, the EU said some Chinese companies in joint ventures with EU automakers could receive lower planned tariffs on Chinese-made electric vehicles.
Tesla previously requested a recalculation of the rate. They asked for it to be based on the specific subsidies the company had received. The EU will now consult with manufacturers before a member state vote on the tariffs, which are scheduled to take effect by November.Despite opposition from some member states, including Germany and Hungary, the tariffs are likely to proceed unless a blocking majority is formed.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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