In the trade dispute between the United States and China, a relaxation is indicated. China wants to tilt his a few months ago, introduced punitive tariffs on cars from the USA. German manufacturers such as Daimler or BMW would benefit from it. Export, many of the SUVs from the US to China. the
In the trade dispute between the U.S. and China suggests a relaxation. China imposed punitive tariffs on car imports from the US, the German manufacturers make solid, to fall back. The China’s Vice-Premier Liu He in a telephone conversation with US Secretary of the Treasury, Steve Mnuchin and the trade representative offered to Robert Lighthizer, reports the Wall Street Journal.
The duty rate from the current 40 per cent, should be reduced accordingly, and again to the previous level of 15 percent. German car manufacturers such as BMW and Daimler would benefit greatly. 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.
China’s increase in import duties charged by the German companies last. Daimler had to revise its profit because of the Sino-American dispute after the bottom. The Stuttgart-based to produce their large SUVs in Tuscaloosa in the U.S. state of Alabama. Most of the cars will be exported to China. In the case of BMW, the situation is similar. Most of the models produced by BMW in America, are not produced at other locations. The manufacturer can not handle the Chinese punitive duties, therefore, without further notice.
Chinese Goods to the value of $ 250 billion are tariffs
In the case of VW, the effects are smaller. The group also SUVs in the American plants. But the company also has factories in China, with which he can the Chinese punitive duties to deal, at least for the models produced.
The offer of China to the US government, is the first sign of a relaxation for the G-20 summit at the beginning of December. US President, Trump and Chinese President Xi Jinping had stood there for a “truce” in the dispute agreed. Trump continued by the Chinese government, but a 90-day deadline to make concessions. Overall, the USA have occupied 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.
