In the course of the trade dispute had increased in China, the import duties on U.S. cars in the summer is from 15 to 40 per cent. Now the government in Beijing to take the step back for the time being, but only for three months.
In the trade dispute with the United States, the Chinese government is a sign of relaxation. From 1. January 2019 will reduced the import tariff on 144 cars and car parts from the USA back from 40 to 15 percent, announced the Ministry of Commerce in Beijing. For the time being, the special tax will not be abolished, but only for three months suspended.
The decision is a result of talks of U.S. President Donald Trump and China’s state and party chief Xi Jinping, the on 1. December at the G20 summit in Buenos Aires on a 90-day “truce dispute of the two countries had” agreed. Trump had already woken up shortly thereafter by his Statements, expectations of falling tariffs and three days ago, the “important announcements”.
punitive tariffs in force since January
In the trade dispute between China and the United States, the signs are currently on relaxation.
now, from January out punitive duties on US cars had imposed on China in the summer. The Beijing government reacted at that time on measures of the United States, which had, in turn, imposed punitive tariffs on Chinese Goods to the value of $ 50 billion (44.3 billion euros). At the beginning of December the government had announced in Beijing but, you are going to implement “from now on” trade facilitation for the United States.
Recently, there had been in the trade conflict are already some of the relaxation signals in the trading of conflict. So China began to import soybeans from the USA. In the past 24 hours Chinese import would have ordered your of between 1.5 and 2 million tons of soy, informed the Association of the American Soybean exporters. The delivery by ship was expected in the first quarter of 2019.
