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VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says
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VW to receive lower rate on Cupra Tavascan under planned EU tariffs, source says
Aug 20, 2024 3:24 AM

BERLIN, Aug 20 (Reuters) - Volkswagen is due

to receive a lower tariff of 21.3% on its Cupra Tavascan,

produced by the SEAT brand in China, under planned duties by the

European Commission on China-made cars, a source close to the

matter said on Tuesday.

The agreement is an early compromise by Brussels on tariffs

which have been strongly opposed by carmakers, particularly

German firms who themselves export to China.

The Cupra Tavascan, like BMW's China-made electric Mini, was

not part of Brussels' sample analysis in the run-up to the

tariff announcement, which means they were initially

automatically subjected to the highest tariff level of 37.6%.

Volkswagen declined to comment.

Tesla also asked for its own tariff rate after

being subjected to a 20.8% rate given to companies seen as

cooperating with the investigation.

A journalist for MLex

reported

that the U.S. EV maker was given a hefty reduction of its

rate at 9%, which would be the lowest tariff imposed on any

carmaker.

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