Carmakers fear tit-for-tat tariff response by China

For BMW, Tesla and other global car makers whose future is ever-more dependent on China’s burgeoning market, any gains from lower import tariffs this week will likely be short-lived — thanks to President Donald Trump’s trade war.

After decades of pleading for easier access to the world’s biggest car market, manufacturers finally saw duties on overseas imports almost halved to 15% this weekend.