EU to trim proposed tariffs on Tesla, other EVs from China

By Reuters

Sep 11, 2024 12:16 am

Tesla's proposed tariff rate will drop to 7.8 percent, from 9 percent, the source said. For BYD, there was no change to its 17-percent tariff. For Geely, the new rate would be 18.8 percent from a previous 19.3 percent. A peak rate of 35.3 percent would apply to SAIC and other companies not cooperating with EU investigation, the source said.

These tariffs are on top of the EU's standard 10-percent import duty for cars.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Bitcoin rally nears $90,000 plateau

Boeing reaches MAX crash settlement

Grab raises annual revenue forecast

Huawei wants US charges dropped

FTX seeks to recover $1.8B from Binance

Lindt drops 'excellence' claim in lawsuit

Vietnam expands chip packaging footprint