Beijing says it will abolish additional tariffs on US-produced vehicles and auto parts from January 1 through to the end of March 2019 as part of a trade war truce reached with Washington.
The Chinese government is to suspend 25 percent tariffs on 116 vehicles and car parts, as well as 5 percent tariffs on other auto-related items, the finance ministry said in a statement citing the State Council's Tariff Commission Office on Friday.
The ministry added it hopes the two countries can speed up negotiations to remove all additional tariffs on each other’s goods.
Also on rt.com After instigating trade war America will have to dance to China's tune – investor Peter Schiff to RTThe move is in line with a recently reached 90-day truce in the US-China trade war, announced after the G20 meeting between US President Donald Trump and Chinese President Xi Jinping in early December. On Thursday, China reportedly made a purchase of US soybeans for the first time since it cut back on imports in recent months.
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Source : RT - Daily news
China to suspend extra tariffs on US-made cars & parts for 3 months
China to suspend extra tariffs on US-made cars & parts for 3 months
