China will continue to suspend extra tariffs on U.S. vehicles, auto parts

FILE PHOTO: A man drives a red car past a parking lot where large numbers of newly manufactured cars are parked at Dayaowan port of Dalian, Liaoning province June 10, 2012. REUTERS/Stringer

In December, China said it would suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts for three months, following a truce in a trade war between the world’s two largest economies. “It is a positive reaction to the U.S. decision to delay tariff hikes and a concrete action adopted to promote bilateral trade negotiations,” the State Council said.

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer were in the Chinese capital for the first face-to-face meetings between the two sides since Trump delayed a scheduled March 2 increase in tariffs on $200 billion worth of Chinese goods.

fail

Tesla fail

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China says it will continue to suspend additional tariffs on U.S. vehicles, auto partsChina's state council said on Sunday that China will continue to suspend ad... Winning Americans will they tax their citizens extra for buying an American vehicle?
Source: Reuters - 🏆 2. / 97 Read more »