The price of a Tesla has gone up in China following the country’s first round of retaliatory tariffs in the burgeoning trade war with the United States. Tesla Models S and X now cost as much as 150,000 yuan to 250,000 yuan more (or about $22,600 to about $37,600) after the 40 percent import tax hike, according to Electrek and The Wall Street Journal.
The whiplash price bumps come just a few months after China actually lowered import taxes on cars from foreign automakers from 25 percent to 15 percent. That shaved, in some cases, up to about $14,000 off the price of Tesla’s more expensive models.
The auto industry is just one of many caught in the crosshairs of the trade war that President Trump has started with China. But it’s...
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