Tesla (NASDAQ:TSLA) has slashed prices of its vehicles in China by as much as a quarter to absorb the impact of tariffs from the U.S.-Sino trade war.

Beijing imposed 25% duties on $34B of American goods, including cars, in July, in response to Washington’s move to slap levies on $34B of Chinese imports.

Earlier this year, Tesla also cut prices of the Model X and Model S in reaction to the tariffs, but later raised them.


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