Two recent trade policy actions by China are being widely seen as a reaction to U.S. trade aggression. In the first a “carrot” has been deployed in removing ownership limits on automotive joint ventures in China, including for electric vehicles from 2018. That may help Tesla which has previously considered building a factory in Shanghai. Yet, European and Asian manufacturers will also benefit. Furthermore it will cut U.S. exports, with shipments of American hybrids and EVs to China worth $2 billion in the 12 months to February 28, or 41% of the total. In the second action an antidumping ...