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Technology Tesla prices shoot up $20,000 in China as US trade war begins

09:21  10 july  2018
09:21  10 july  2018 Source:   cnet.com

Trade Wars: Trump loads first volley against China

  Trade Wars: Trump loads first volley against China Steep American tariffs on Chinese goods worth tens of billions of dollars are due to take effect when the clock strikes twelve on Thursday night.China has vowed to respond "immediately", with experts warning that tit-for-tat measures between the two financial superpowers will send shockwaves around the global economy and strike at the heart of the world trading system.

The US - China trade war officially kicked off on Friday, and it didn't take long for the consequences to flow on to the public. The US implemented a 25 percent tariff on billion worth of Chinese imports on Friday, causing China to retaliate. The Chinese tariff on electric cars shot up from 15 percent to

The US - China trade war officially kicked off on Friday, and it didn’t take long for the consequences to flow on to the public. The US implemented a 25 percent tariff on billion worth of Chinese imports on Friday, causing China to retaliate. The Chinese tariff on electric cars shot up from 15 percent to

a car parked in a parking lot: 2017 Tesla Model X© Provided by CNET 2017 Tesla Model X

The US-China trade war officially kicked off on Friday, and it didn't take long for the consequences to flow on to the public.

Tesla cars became considerably more pricey in China over the weekend, according to the Wall Street Journal. The Model X is now priced at $140,100, for instance, over $20,000 more than the $117,100 it previously sold for. The Model S, at $128,400, is also roughly $21,000 more expensive than it previously was, the Journal reports.

The US implemented a 25 percent tariff on $34 billion worth of Chinese imports on Friday, causing China to retaliate. The Chinese tariff on electric cars shot up from 15 percent to 40 percent, reports Bloomberg. The publication previously reportedElon Musk will be meeting Chinese officials in Shanghai and Beijing this week.

Trump says China could face more than $500 billion in U.S. tariffs

  Trump says China could face more than $500 billion in U.S. tariffs Trump says China could face more than $500 billion in U.S. tariffs.Load Error

China bumped up its tariff on electric cars by 40 percent in retaliation to US tariffs on Chinese imports. Continue Reading. Technology News tracked by Arador.

The US - China trade war officially kicked off on Friday, and it didn't take long for the consequences to flow on to the public. Tesla cars became considerably more pricey in China over the weekend, according to the Wall Street Journal. The Model X is now priced at 0,100, for instance, over $ 20

Tesla has been contacted for comment.

Among Musk's chief concerns in recent months is the production of the Model 3, which had previously failed to hit targets several times. Over 5,000 Model 3 sedans were built in the final week of June, a goal that was pushed back more than once, due in part to Musk's ambitious plans to automate as much of the process as possible. In an April interview with CBS This Morning, Musk admitted that the Model 3 production ramp has been a serious learning process.


China just recorded the largest trade surplus with the US on record .
<p>In what will do little reduce trade tensions between the two sides, China's trade surplus with the US jumped to $US28.97 billion, larger than the $US24.58 billion recorded in May.</p>China's trade surplus increased sharply in June, including with the United States.

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