European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms
Publishing timestamp: 2024-08-20 10:19:56
Summary
EU Commission plans to impose higher tariffs on Chinese electric vehicle imports, with Tesla facing a reduced duty rate of 9% instead of the anticipated 20.8%. Other companies like BYD, Geely, and SAIC will also see adjustments in their tariff rates. EU aims to counteract what it sees as unfair subsidies benefiting Chinese EV producers.
Sentiment: MIXED
Tickers: TSLA,
Keywords: business news, tesla inc, autos, warren buffett, climate, elon musk, politics, breaking news: europe, technology,
Source: https://www.cnbc.com/2024/08/20/european-union-slashes-planned-tariff-on-china-made-tesla-evs.html