Trump announces that China agrees to cut US car rates | Auto Sports

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"China has agreed to reduce and eliminate the number of cars imported from the United States from China.The current tariff is 40%," wrote Trump on Twitter, which met on Saturday with Xi Jinping after the meeting. from the G20 summit in Buenos Aires. Asian stocks rebounded on Monday after the announcement that Washington and Beijing had agreed to a three-month truce to not impose new tariffs when negotiating a more detailed deal.

Thanks to the agreement reached between the countries, the Chinese stock indexes recorded their biggest daily gain in one month.

  • See the Timeline of Trade Tension Between the United States and China

On Saturday, Trump and Xi paused the tariff war that has been affecting markets around the world for months.

The US and Chinese Presidents hold their first G20 meeting since the US government raised tariffs on more than 200 billion dollars of Chinese imports in July - Photo: AFP / Getty via BBC [19659006] Presidents of the United States and China first meeting since the US government raised customs duties on more than 200 billion dollars of Chinese imports in July - Photo: AFP / Getty via BBC "title =" US and Chinese presidents hold first meeting since US government increased tariffs on more than 200 billion US dollars Chinese imports in July - Photo: AFP / Getty via BBC "data-src =" https: // s2.glbimg.com/8z1rfRiCXuZzmpLyI5kZ5EcN8Zk=/0x6:25xx1/984x0/smart/filters:strip_icc () "</source></source></source></source></source></picture> </div> <p clbad= US and Chinese Presidents Have G20 First Meeting Since First G20 Meeting and the G20 that the US government has increased tariffs on more than 200 billion dollars of Chinese imports in July – Photo: AFP / Getty via BBC

US President called for the "pact" Washington hopes to reduce the huge trade deficit with Beijing and help protect US intellectual property.

Trump is committed to not facing the threat of raising Chinese import duties by $ 200 billion as of January 1 from 10% to 25%.

In return, China has to buy a "very important" amount of agricultural, energy, industrial and other products from the United States.

Trump did not publish a tweet later on Sunday to explain which car rates will be eliminated and which rates will be reduced.

China reduced its tariffs on automobiles from 25% to 15% in July. But as trade tensions mounted, Beijing imposed an additional 25% tax on US vehicles, bringing the tax burden to 40%.

US President Donald Trump (right at the table) and Chinese President Xi Jinping, as well as delegations from both countries, at a dinner after the G20 summit in Buenos Aires - Photo: Saul Loeb / AFP Photo: US President Donald Trump (at the table) and Chinese President Xi Jinping and the delegations of the two countries at the dinner held after the G20 summit in Buenos Aires. Photo: Saul Loeb / AFP photo <img clbad = "image content-media__image" itemprop = "contentUrl" alt = "US President Donald Trump (just at the table) and Chinese President Xi Jinping, as well as delegations of two countries, at a dinner after the G20 summit in Buenos Aires – Photo: Saul Loeb / AFP Photo "title =" US President Donald Trump (at the table) and China's President Xi Jin Ping , together with delegations from both countries, at the dinner after the G20 summit in Buenos Aires – Photo: Saul Loeb / AFP Photo "data-src =" https://s2.glbimg.com/8lZxrx4WwiTL7qOxHJfkO1F3O0F3rs0=0x0:170×1065 19659008] President of the United States, Donald

President of the United States of America, Donald (1965) Trump (just at the table) and Chinese President Xi Jinping, as well as delegations of the two countries, at a dinner after the G20 summit in Buenos Aires – Photo: Saul Loeb / AFP Photo

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