Trade dispute – China reduced tariffs on U.S. import cars, US President, Donald Trump has tweeted that the Chinese government wants to reduce the import duties on American cars. Trump had agreed with Xi Jinping on a compromise. © Photo: Kevin Lamarque/Reuters
The Chinese government wants to reduce, according to US President Donald Trump, the import duties for cars from the USA. On Twitter, Trump wrote: China have agreed to reduce the charges “and to abolish”. Currently, the customs duties would be 40 percent.
China has agreed to reduce and remove tariffs on cars coming into China from the U. s. Currently, the tariff is 40%.
— Donald J. Trump (@realDonaldTrump) December 3, 2018
On Saturday the US President and his Chinese counterpart had agreed Xi Jinping after the G20 summit in Buenos Aires on a compromise in the trade dispute. The White house had communicated, a for the 1. January increase in threatened previous import customs duties in the amount of ten to 25 percent for the time being to suspend. China said to buy more U.S. products. In addition, the negotiations to controversial issues such as the protection of intellectual property rights or the Transfer of technologies should be continued.
Within 90 days of reaching an agreement in the trade dispute between the United States and China should be found, as long as the US government would use any new duties against China. The Chinese government should meet the demands for a removal of trade barriers within this period, this would increase the punitive tariffs as planned.
China’s foreign Minister Wang Yi spoke after the Meeting of an “important Agreement” and the talks as “very positive and constructive”.