06:44 AM EDT, 09/10/2024 (MT Newswires) -- Tesla (TSLA)'s additional tariff rate for electric vehicles imported from China is expected to be lowered by the European Union to 7.8% from 9%, multiple news outlets reported Tuesday citing people familiar with the matter.

The EU is also making the downward revisions on additional rates for other carmakers that import EVs from China, the sources said, adding that a peak rate of 35.3% will apply to companies not cooperating with EU investigation, down from 36.3%.

These tariffs will be on top of the existing 10% import duty for cars from China.

EU member states will vote on the proposed tariffs before they become effective in November and the rates may be adjusted as discussions between the EU and relevant parties take place, according to the reports.

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

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