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Tesla hikes prices in China as trade war hits US cars

July 10, 2018

Via: CNN

Tesla has hiked the prices of its cars in China by about 20% after getting caught in the crossfire of the trade clash between Washington and Beijing.

The move by the electric car maker follows China’s decision to slap new tariffs on American vehicles in retaliation for US measures against $34 billion of Chinese exports.

It’s the latest major company to feel the impact of the trade war between the world’s top two economies.

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