Jump to content
Create New...

Industry News: Rumorpile: China May Reduce Tariffs On U.S.-Made Cars

Recommended Posts

The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days.

This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported American-made cars, something China did not confirm at the time." Shares of various automakers including Diamler, Ford, and Tesla rose on the news.

The trade war between the U.S. and China has taken a toll on automakers. Both BMW and Dimaler have warned of lower profits as tariffs have forced them to raise prices in China. Others such as Volvo and Ford have made changes to production and vehicle plans. 

China's Finance Ministry didn't respond to Bloomberg's request for a comment.

Source: Bloomberg

View full article

Link to comment
Share on other sites

No reason to get excited till the trade war is over and eve if they do reduce it to 15%, nothing gained here at all. So how is Potus 45 being that ultimate deal maker that is making a difference? All we have had is higher prices and stress.

Link to comment
Share on other sites

4 minutes ago, riviera74 said:

Call me when China cuts their auto tariffs to zero, then we will talk.  Potus 45 is not doing enough to tell mercantile China to embrace free trade; it seems that he wants to practice mercantilism himself.

How about drop it to at least the same 2.5% we charge on them. Equal to Equal, That is a deal making deal!

  • Agree 1
Link to comment
Share on other sites

51 minutes ago, Drew Dowdell said:

Their whole economy is cooling fast. 

Yep...and no sympathy from me.  They pretty much live off of stolen intellectual property.

13 hours ago, riviera74 said:

Works for me.  Zero is ideal, but I can work with 2.5%

Low tariffs are indeed ideal, one of the things Woodrow Wilson got right during his term.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.


Write what you are looking for and press enter or click the search icon to begin your search