The hits keep coming for Tesla.
The electric carmaker was already dealing with Autopilot safety concerns following a fatal Model X crash as well as Model 3 production issues, but yet another gut punch comes with Bloomberg reporting that China will impose new tariffs on American products including automobiles.
Previously, US-built vehicles brought into China were hit with a 25 percent import duty, but under the new regulations an additional 25 percent would be piled on.
With a 50 percent tariff in place, the price tag for American-made vehicles would likely be pushed out of reach for a large part of the Chinese car-buying public.
The new Chinese tariffs on American goods comes after the US imposed its own new import duties for steel and aluminum coming into America.
This is bad news for the Michigan-built Ford Mustang, which is China's best selling sports car, and BMW's X3, X4, X5 and X6 lineups that are assembled in Spartanburg, South Carolina for worldwide export.