China to temporarily slash tariffs on US auto imports
China on Friday said it will suspend additional tariffs on imports of American-made cars and automobile parts for three months starting January 1 in an attempt to negotiate a trade deal with the US.
Chinese Finance Ministry said that it will remove the additional 25 per cent tariffs on 144 American-made vehicles and auto parts and five per cent tariffs on another 67 auto items between January 1 to March 31. Image source: Reuters