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China has confirmed the suspension of customs duties on automobiles and spare parts manufactured in the United States as of January 1, a measure forming part of the truce agreement on the trade war concluded there a few days ago by Presidents Donald Trump and Xi Jinping.
The local press reacted Saturday (15) to the announcement Friday by the country's finance ministry that Chinese taxes on US vehicles will temporarily drop to 15%, up from 40 currently. "The imposition of tariffs on cars and parts of US origin is a forceful step against US trade protectionism." The suspension of customs duties is therefore a concrete step to implement the consensus of the two heads of state ",
.
In July, China reduced import duties on imported vehicles by 25% from 15% to 15%, but then raised the rate to 40% in retaliation for the punitive duties of
. The government will therefore suspend for three months the imposition of tariffs that will affect 211 product lines such as hybrid pbadenger vehicles, diesel trucks, chbadis and seat belts, among others. "We hope that both parties, in accordance with the consensus of the two heads of state, will be guided by the principle of mutual respect, mutual equality and fidelity, words and facts, and intensification of consultations. to eliminate any increase in
