China and US Tariffs Trade War

by Glinkey TM

Published: 2018-12-18 17:34:31

China has announced a temporary suspension of tariff hikes on U.S. cars, trucks and auto parts amid a bitter trade war between the two nations that has threatened to stifle global economic growth. Under the suspension, Beijing will halt a 25 percent import charge on $66 billion of cars and trucks and a 5 percent charge on $60 billion of auto parts for 90 days. It takes effect Jan. 1, according to a statement from the tax agency on Friday. Source: US News