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So it seems that there were at least some positive developments at the G20 summit over the weekend with a truce being called on the escalating US-China trade war being followed by some major concessions by the Chinese.

Firstly, they said that they would buy a large amount of agricultural, energy, industrial and other product from the US and rescind a number of tariffs.

It turns out that China agreed to reduce and remove tariffs on American cars going to China from the US, which is a major development considering the current tariff is a whopping 40%.

If it sticks, I think this will be particularly beneficial to Tesla given its sales in China have been hammered to the extent that it has basically been forced to take the tariff pain themselves by offering big discounts on some of its vehicles.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Peter Watson

Peter Watson

Peter Watson founded Seiha Consulting, a career transition consultancy, after working in HR and four recruitment agencies. He was also a stockbroker for 13 years in London and Tokyo, advising some of the world’s biggest financial institutions on European and Japanese stock market investment. He started writing the Daily (previously known as “Watson’s WIFI”) to help candidates prepare for interviews – but soon found that many others wanted to read it as well!

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