Solução

/// Uma operação a ser realizada em duas subexpressões.
#[derive(Debug)]
enum Operation {
    Add,
    Sub,
    Mul,
    Div,
}

/// Uma expressão, em forma de árvore.
#[derive(Debug)]
enum Expression {
    /// Uma operação em duas subexpressões.
    Op { op: Operation, left: Box<Expression>, right: Box<Expression> },

    /// Um valor literal
    Value(i64),
}

fn eval(e: Expression) -> Result<i64, String> {
    match e {
        Expression::Op { op, left, right } => {
            let left = match eval(*left) {
                Ok(v) => v,
                e @ Err(_) => return e,
            };
            let right = match eval(*right) {
                Ok(v) => v,
                e @ Err(_) => return e,
            };
            Ok(match op {
                Operation::Add => left + right,
                Operation::Sub => left - right,
                Operation::Mul => left * right,
                Operation::Div => {
                    if right == 0 {
                        return Err(String::from("divisão por zero"));
                    } else {
                        left / right
                    }
                }
            })
        }
        Expression::Value(v) => Ok(v),
    }
}

#[test]
fn test_value() {
    assert_eq!(eval(Expression::Value(19)), Ok(19));
}

#[test]
fn test_sum() {
    assert_eq!(
        eval(Expression::Op {
            op: Operation::Add,
            left: Box::new(Expression::Value(10)),
            right: Box::new(Expression::Value(20)),
        }),
        Ok(30)
    );
}

#[test]
fn test_recursion() {
    let term1 = Expression::Op {
        op: Operation::Mul,
        left: Box::new(Expression::Value(10)),
        right: Box::new(Expression::Value(9)),
    };
    let term2 = Expression::Op {
        op: Operation::Mul,
        left: Box::new(Expression::Op {
            op: Operation::Sub,
            left: Box::new(Expression::Value(3)),
            right: Box::new(Expression::Value(4)),
        }),
        right: Box::new(Expression::Value(5)),
    };
    assert_eq!(
        eval(Expression::Op {
            op: Operation::Add,
            left: Box::new(term1),
            right: Box::new(term2),
        }),
        Ok(85)
    );
}

#[test]
fn test_error() {
    assert_eq!(
        eval(Expression::Op {
            op: Operation::Div,
            left: Box::new(Expression::Value(99)),
            right: Box::new(Expression::Value(0)),
        }),
        Err(String::from("divisão por zero"))
    );
}

fn main() {
    let expr = Expression::Op {
        op: Operation::Sub,
        left: Box::new(Expression::Value(20)),
        right: Box::new(Expression::Value(10)),
    };
    println!("expr: {:?}", expr);
    println!("result: {:?}", eval(expr));
}