04:46 AM EDT, 08/29/2024 (MT Newswires) -- Tesla (TSLA) had requested a lower tariff on its vehicles from Ottawa before the Canadian government imposed a new tariff policy earlier this week for all Chinese-made electric vehicles, Reuters reported Wednesday, citing an unnamed Canadian government source.

Canada has imposed duties for all Chinese-made EVs, effective Oct. 1, applicable to all EVs shipped from China, including those made by Tesla, the report said.

Before the announcement, Tesla sought a tariff rate similar to what it received in the European Union, the source told Reuters.

The EU recently imposed a 9% tariff on cars Tesla made in China, compared with a 36.3% tariff on other Chinese EVs, according to the report.

Tesla did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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