White House expects China to cut car tariffs

by SpeedLux
high-emission vehicles being banned in beijing

White House officials informed automakers after a U.S.-China trade call that the Trump administration believes China will cut tariffs on U.S. autos to 15 percent from the current 40 percent, an auto executive stated on Tuesday after being briefed on the earlier evening’s call.

The executive informed Reuters the United States had not received any official documentation of China’s move. The Wall Street Journal reported Tuesday that Chinese Vice Premier Liu He told U.S. Trade Representative Robert Lighthizer and Treasury Secretary Mnuchin that China would slash autos tariffs to 15 percent.

China increased its tariffs on American autos and parts to 40 percent previously this year after the U.S. increased its tariffs on Chinese vehicles and parts to 27.5 percent.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More