As reported by Bloomberg News on Tuesday, the European Union is set to decrease proposed tariffs on Tesla and other EVs from China, citing sources familiar with the situation.
The tariff rate for Tesla is expected to be adjusted to just under 8% from the current 9%, with the EU revising its stance based on new information provided by the companies.
The EU had recently reduced the additional tariff on Tesla EVs imported from China to 9% from the initially suggested 20.8% and mentioned the possibility of lowering punitive duties on Chinese-made EV imports for some Chinese firms involved in partnerships with EU automakers.
