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Monthly Journal: Traders' Insights Wanted!
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EU impose tariffs on imported Chinese EV: BYD 17.4% Geely 20% SAIC 38.1%

$BYD COMPANY(01211.HK)$ $Tesla(TSLA.US)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China.
Less than a month after Washington  quadrupled duties for Chinese EVs to 100%, Brussels said it would set tariffs of 17.4% for BYD, 20% for Geely and 38.1% for SAIC over what it said were excessive subsidies. Note that the additional tariffs are on top of what EU has already charged 10% on imported Chinese EV.
My Take: This is a win for all EVs made locally in EU as well as brands not affected by the new tariffs. Tesla EVs has a chance to lower duties to +21% on exported models (Model 3).
EU impose tariffs on imported Chinese EV: BYD 17.4% Geely 20% SAIC 38.1%
EU impose tariffs on imported Chinese EV: BYD 17.4% Geely 20% SAIC 38.1%
EU impose tariffs on imported Chinese EV: BYD 17.4% Geely 20% SAIC 38.1%
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  • RedDevil7 : Appreciate your update. Reading it now, i am preparing for a good low price entry later this week (further 6% - 8% discount from present BYD HK closing is perfect for me).

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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