China will continue to suspend extra tariffs on US vehicles, parts
State Council makes goodwill gesture after US decision to delay tariff hikes on Chinese imports
Beijing — China’s State Council says that the country will continue to suspend additional tariffs on US vehicles and automotive parts after April 1, in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports. In December, China said it would suspend additional 25% tariffs on US-made vehicles and parts for three months, following a truce in a trade war between the world’s two largest economies. The State Council, or cabinet, said Sunday’s move was aimed at “continuing to create a good atmosphere for the ongoing trade negotiations between both sides. It is a positive reaction to the US decision to delay tariff hikes and a concrete action adopted [by the Chinese side] to promote bilateral trade negotiations. “We hope the US can work together with China, accelerate negotiations and make concrete efforts towards the goal of terminating trade tensions.” The government said it would announce separately when the suspension would end.
US President Donald Tru...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.