China says it will continue to suspend additional tariffs on U.S. vehicles, auto parts

FAN Editor
FILE PHOTO: Man drives red car past parking lot where large numbers of newly manufactured cars are parked at Dayaowan port of Dalian
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

March 31, 2019

BEIJING (Reuters) – China’s state council said on Sunday that China will continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1, in a goodwill gesture to the U.S. decision to delay tariff hikes on Chinese imports.

In December, China said it would temporarily 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.

(This version of the story corrects day of the week in lede)

(Reporting by Stella Qiu and Yawen Chen; Editing by Raissa Kasolowsky)

Free America Network Articles

Leave a Reply

Next Post

2 Stocks That Turned $1,000 into $6,000,000 or More

Imagine if you invested in one of the next great companies while it was still small. Many investors would be thrilled to turn $1,000 into several thousand dollars over a long time, but turning a small investment into a seven-figure sum seems like a feat only a lucky few ever […]