Tag: tariffs on US-made cars

• Wednesday, December 12th 2018 - 08:41 UTC

  China prepared to cut tariffs on US-made cars to 15%, reports Bloomberg

  

  China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer.