Tesla Wins Tariff Reduction on China-Made EVs by EU Amid Subsidy Concerns

The European Union announced it would lower the tariff rate on Tesla vehicles made in China to 9% after Tesla requested its specific subsidies be considered. The EU had planned to impose higher tariffs of more than 20% on electric vehicle imports from China as it found they benefited from unfair subsidies. Tariff rates for other Chinese EV makers like BYD, Geely, and SAIC were also lowered slightly from earlier planned rates. The EU found China's electric vehicle value chain benefits from unfair subsidies and tariffs were needed to prevent economic injury to European EV producers.