Tesla halts Model S and X sales in China due to tariffs

6 months ago 7

The never-ending Trump tariff saga continues. Tesla has halted Model S and X sales in China, according to reporting by Bloomberg. These particular vehicles are imported to the country from the US so they are impacted by a 125 percent tariff on goods flowing into China. This was enacted by China in response to President Trump placing a 145 percent tariff on imported goods from the country.

This isn’t a huge deal for Tesla, as the high-end Model S and Model X are some of the company’s least-popular vehicles in the region. It’s still selling off pre-existing inventory, but the models will be unavailable after that. The more affordable Model 3 and Model Y vehicles are actually made at Tesla’s Shanghai Gigafactory, so they aren’t impacted by the tariffs.

Trump's tariffs on China and the ones the ...

Source: https://www.engadget.com/transportation/evs/tesla-halts-model-s-and-x-sales-in-china-due-to-tariffs-185752814.html?src=rss

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