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EU to cut planned tariff on Tesla China-made EVs to 9%

August 20, 2024 6:44 AM EDT

The European Union plans to implement a 9% tariff on Tesla (NASDAQ: TSLA) cars imported from China as its China electric vehicle probe advances, it was revealed on Tuesday.

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... More