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31 Mar, 2019 13:56

China continues to suspend additional tariffs on US cars, auto parts

Beijing will further suspend additional tariffs on US vehicles and auto parts after April 1, China’s state council has said. The move appears to be a goodwill gesture coming as a response to President Donald Trump’s February decision to delay an increase in tariffs on Chinese exports to the US. Initially, Beijing suspended additional 25-percent tariffs on US cars and auto parts in December 2018 for three months, following a temporary truce in its trade war with Washington.