Trump says China has agreed to cut tariffs on U.S.-made autos
WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to “reduce and remove” tariffs on U.S. cars below the 40 percent level that Beijing is currently charging on American-made vehicles.
A day after he and Chinese President Xi Jinping called a 90-day cease-fire in their trade war to allow time for negotiations, Trump said on Twitter: “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.”
After a 2-1/2 hour dinner with Xi on Saturday in Buenos Aires, Trump agreed to postpone an increase in the tariff rate on $200 billion worth of Chinese imports to 25 percent from 10 percent scheduled for Jan. 1, while China agreed to resume purchases of some U.S. farm and energy commodities.