Chinese auto tariff concessions? U.S.-based auto industry can benefit
Symptoms which China plans to reduce tariffs on imported cars to avoid a possibility trade war by the U.S. can help bolster the U.S.-based auto industry. Xi's comments follow a back-&-forth escalation of tariff menaces by President Donald trump, who has bashed Chinese trade policy as unfair. Currently, there's a two.five% tariff on cars shipped from China to the U.S. & a 25% tariff on cars shipped from the U.S. to China. Lowering the Chinese tariff would let automakers to purvey further foreign-made cars in the world's largest car market. GM, Ford & other automakers have indeed established joint ventures by Chinese automakers to manufacture cars there, as required by law.Chinese auto tariff concessions? U.S.-based auto industry can benefit
according to TimeThe Tesla Model S is 1 car which would benefit if China raises tariffs on imported cars. (picture: Tesla)Symptoms which China plans to reduce tariffs on imported cars to avoid a possibility trade war by the U.S. can help bolster the U.S.-based auto industry. Xi's comments follow a back-&-forth escalation of tariff menaces by President Donald trump, who has bashed Chinese trade policy as unfair. Lowering the Chinese tariff would let automakers to purvey further foreign-made cars in the world's largest car market. GM, Ford & other automakers have indeed established joint ventures by Chinese automakers to manufacture cars there, as required by law.collected by :Catlin Logan