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Last Updated : Dec 14, 2018 04:50 PM IST | Source: Reuters

Additional tariffs to be suspended on US-made cars from January 1: China

The government will suspend 25 percent tariffs on 144 US vehicle and auto part items and 5 percent tariffs on 67 auto items between January 1 and March 31, 2019.

China's finance ministry said on December 14 it will suspend additional tariffs on US-made vehicles and auto parts for three months starting January 1, 2019.

The government will suspend 25 percent tariffs on 144 US vehicle and auto part items and 5 percent tariffs on 67 auto items between January 1 and March 31, 2019, the ministry said in a statement on its website.

The Ministry of Finance also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other's goods.
First Published on Dec 14, 2018 04:36 pm
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