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24.06.2019 23:37:25

Tesla granted waiver on 10% tariffs against Japanese aluminum: report

Tesla Inc. was granted a waiver on 10% tariffs on aluminum imported from Japan, according to a Reuters report Monday. Tesla had asked for an exemption on 10,000 tons of aluminum produced by Nippon Light Metal Co Ltd. , and had argued in an April letter that it could not acquire U.S.-made aluminum that was comparable in both the volume of the order and quality. The U.S. Commerce Department found no objections and granted the one-year exemption, Reuters said, citing a filing dated June 5. Earlier this month, Tesla was denied a waiver for 25% tariffs on Chinese-made components for its Model 3 cars.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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