Car trouble. On May 22, China said it would cut import tariffs on passenger cars from 25% to 15%, effective July 1. Tesla immediately slashed $14,000 off the price tag of its Model S and Model X cars in China, hoping to make greater inroads on the world's largest market for EVs. But on May 23 Trump launched an investigation into whether America should raise its own auto import tariffs, for "national security" reasons. Bloomberg
