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Tesla expects to raise price of Model 3 in EU as bloc preps import duties on cars made in China (www.marketwatch.com)

submitted 5 months ago by CAVOK@lemmy.world to c/europe@feddit.de

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The EU is planning to impose new tariffs on Chinese EVs starting in July

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[–] eRac@lemmings.world 2 points 5 months ago

That's what usually happens with tarrifs. Unless there's a ton of other competition, domestic producers just increase their prices by the same amount.