Late Sunday night, President Trump seemed to announce a potentially big development in the ongoing trade war with China. The Chinese government, he tweeted after a sit-down dinner with President Xi Jinping at the G20 Summit, “agreed to reduce and remove tariffs on cars coming into China from the US.” China currently applies a 40 percent tax on cars imported from the United States, so a reduction or a complete removal — it’s still not clear which — would be a boon to automakers who make cars here to be sold there.
Whichever it is, a reduction or a removal of the tariff would hugely benefit a smaller company like Tesla, which has had to constantly adjust its prices in China all year as a result of the trade war. But it’s possible that,...
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