Trump tariffs backfire on Elon Musk, as Tesla pulls U.S.-built models from China

• Tesla has stopped taking orders for the Model S and Model X in China that now face retaliatory 125% import duties levied by Beijing. Local customers are only able to choose from new cars still in inventory at its showrooms across the country. Fortunately, they are not in high demand so the damage to Tesla is minimal.

The Trump administration’s trade war with China backfired for the president’s senior advisor, Elon Musk, when Tesla was forced to pull two cars from its biggest growth market.