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FTA: "The US company’s Chinese operations have benefited from subsidised rates for land, income tax reductions and other support from Beijing, including benefic
by gamblor956 2y ago
FTA: "The US company’s Chinese operations have benefited from subsidised rates for land, income tax reductions and other support from Beijing, including beneficial rates when buying batteries, according to EU officials."
EDIT: But see: https://www.nbcnews.com/business/autos/european-union-slashes-planned-tariffs-china-made-tesla-evs-chinese-fi-rcna167361 https://www.nbcnews.com/business/autos/european-union-slashe... which suggests that China-made Teslas will only be subject to a 9% tariff.
- alephnerd 2y agoAll foreign made cars have a 10% base tariff in Europe. The 9% is the additional tariff due to Chinese subsidizes for Tesla. Most other Chinese manufacturers are getting hit by a 38% additional tariff because they are directly owned by Chinese governments (local or federal) so subsidized at a level beyond a private player could expect.