Tesla could get special duties as part of higher China EV tariffs, EU says

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Summary

Tesla could be hit with a specially calculated duty on its cars produced in China and imported to Europe as part of of the European Unions decision to raise tariffs on Chinese electric vehicles. On Wednesday, the European Commission, the EUs executive arm, imposed higher tariffs on Chinese EV makers of up to 38%. These provisional dutiies will come into effect from July 4 if the EU does not reach a solution with Chinese authorities. At this stage, Tesla "may receive an individually calculated duty rate," the Commission said. Valdis Dombrovskis, the EU commissioner for trade, told CNBC on Wednesday that Tesla was making the case for lower tariff rates, which the commission was examining.

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