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EU Refines Tariff Rates Set to Hit Electric Vehicles From China [BNN Bloomberg (Canada)]
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US:NASDAQ Investor Relations: ir.tesla.com
The new provisional rates — which will come on top of the existing 10% duty — are: Other EV producers in China that cooperated with the investigation but have not been sampled will be subject to a weighted average duty of 20.8%, while firms that didn't cooperate will face an additional 37.6% levy. The European Commission, the EU's executive arm, notified the companies earlier this month about the tariffs. The announcement followed an investigation into the subsidies that China and its state-backed banks have given to the benefit of the manufacturers. The provisional tariffs are set to be introduced on July 4 with definitive duties kicking in by November. Tesla Inc. may receive an individually calculated duty rate at that definitive stage following a request to be sampled. China has threatened to retaliate and has already launched a targeted anti-dumping probe on pork imports. The findings of an investigation into EU spirits are also due in the coming months. Beijing has warne
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