EU Weighs Lifting Chinese Car Tariffs, Imposing Minimum Prices Instead
Negotiations between the EU and China regarding minimum price agreements for Chinese-made electric vehicles are underway, potentially undermining Tesla’s European market position. This move replaces previously imposed high tariffs, which had hindered Chinese EV imports. The agreement could significantly increase Chinese EV competition in Europe, exacerbating Tesla’s already declining European sales. Tesla’s European sales have fallen sharply, dropping 43% as of March, making them particularly vulnerable to increased competition.
John Q. Hosedrinker