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European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms
The European Union on Tuesday said a planned tariff on Tesla vehicles being imported from China would be cut to 9% from 20.8%.
In June, the EU said it would slap higher tariffs on Chinese electric vehicle imports, which it found benefit "heavily from unfair subsidies" and pose a "threat of economic injury" to EV producers in Europe. It comes after Elon Musk's electric vehicle maker made a "substantiated request" to the EU that planned tariffs on its China-made EVs be recalculated to reflect specific subsidies the company receives in China. In June, the EU Commission said it would slap higher tariffs on Chinese electric vehicle imports, which it found benefit "heavily from unfair subsidies" and pose a "threat of economic injury" to EV producers in Europe.
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