Tesla benefits from 9% tariff on imports

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BizTech

Tesla benefits from 9% tariff on imports

The European Commission's decision to reduce tariffs on Tesla vehicles imported from China is shaking up the electric vehicle market. While Tesla benefits from lower tariffs, Chinese EV exports are declining, adding to trade tensions. Meanwhile, China is hitting back with an investigation into EU dairy products, intensifying the economic standoff.

August 23, 2024