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Tesla hikes China prices after retaliatory tariffs

A Tesla charging station in Tianjin, China. Photo: VCG via Getty Images

Tesla is upping the price of its cars in China after Beijing hit American auto imports in its retaliatory tariffs on $34 billion worth of U.S. goods.

The big picture: Tesla is the latest company to take a hit in President Trump's trade war, which economists say could hurt American farmers and other automakers around the world.