Elon Musk won a tax exemption for Tesla, promoted Boring Co. and drew praise for frugality — he was spotted eating dumplings and staying at Holiday Inn.
his ground-digging Boring Co. passion project and even drew praise on social media for his frugal food and accommodation choices — he was spotted eating dumplings and staying at the Holiday Inn.
Musk also toured a factory Tesla is building in the country, its first outside of the U.S., and reportedly met China’s transport minister, Li Xiaopeng, on Friday. Later that day, China announced Tesla cars would be exempted from a 10% purchase tax, something typically reserved for domestic makers of electric vehicles.
China’s concession to one of America’s most high-profile companies stood out, coming amid heightened uncertainty over where the trade war between the two countries is headed. President Trump ordered U.S. firms last month to immediately begin looking for alternatives to China, only to later suggest that tensions were cooling., prompting China to retaliate by rolling out higher levies on about $75 billion of U.S. goods in stages.China plans to resume a suspended extra 25% duty on U.S. cars on Dec.
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