default_image
© Khunaspix Dreamstime.

China’s government is to backtrack and remove the extra tariffs it applied to US car imports. The South China Morning Post reports that the rollback – from 40% to 15% – will be in place for three months, suggesting a boon for troubled US electric car maker Tesla. It claims the move will reduce the cost of its cars in the people’s republic by some $12,000. Unlike Ford and General Motors, Elon Musk’s company lacks a partnership with a domestic Chinese ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.