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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Manufacturing & engineering

Tesla reportedly suspends Chinese online sales

Tesla Inc (NASDAQ:TSLA) has halted new orders for its Model S and Model X vehicles on its Chinese website and WeChat mini programme, according to Reuters.

The electric carmaker offered no explanation for the move, which follows Beijing’s decision to slap 84% tariffs on US-made goods.

These vehicles, built in the United States and imported to China, now face steep trade barriers amid escalating tensions between the two countries.

China’s response comes after Washington increased tariffs on Chinese imports to a total of 145% under President Trump’s widening trade policy. Tesla has not commented on the decision.

Unlike the Model S and X, the company’s Model 3 and Model Y are produced at its Shanghai factory and continue to be sold in China and exported to Europe.

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