In the trade dispute with the United States China makes a move to the United States. The country consists of the punitive duties on US cars temporarily – in the hope, the strained trade relations between the two countries to calm down. The German car manufacturer benefit: you can export many vehicles from the USA to China. the
China in the trade dispute with the United States, the punitive tariffs on cars and car parts from the United States for three months. The government announced in Beijing. The import tariff will, therefore, from the 1. January 2019 from 40 to 15 percent. The government at the same time the hope that the step could accelerate the talks with the USA about an end to the punitive tariffs.
on Wednesday, the Wall Street Journal had reported that the punitive tariffs are to fall on car imports from the USA, the German manufacturer will meet, again. China’s Vice-Premier Liu He have this offered in a telephone conversation with US Secretary of the Treasury, Steve Mnuchin and trade Robert Lighthizer officer.
the profiteers of the step even German car manufacturers like BMW and Daimler. China’s increase in import duties have burdened the German companies last. They make up a large part of their heavy SUVs in the USA and shipping them from there to China, now the largest car market in the world.
the First character of a “ceasefire” in trade dispute
After months of gradual escalation, now comes the first real relaxation in the strained relationship between the United States and China. Already at the G-20 summit in early December, US President, Trump and the Chinese President had the jurisdiction of Xi Jinping to a “cease-fire” in the trade dispute, agreed had happened since then, but nothing. Trump had been set by the Chinese government a 90-day deadline to make concessions.
in Total, have occupied the US Chinese Goods to the value of around 250 billion dollars with punitive tariffs. China had also countered with punitive tariffs, however, the country imported only Goods to the value of about 130 billion dollars from the USA and can not answer in the same amount.
