President Donald Trump said in a late-night tweet that China has agreed to “reduce and remove” tariffs on imported American-made cars, a claim that wasn’t immediately confirmed by Beijing.
Trump gave no other details in his post, which came shortly after he agreed with President Xi Jinping to a truce in the trade war during a meeting at the Group of 20 summit in Argentina. The move, if verified, would hand automakers from Tesla Inc. to Daimler AG and BMW AG with factories in the U.S. a potential reprieve after higher import levies hit sales in the world’s biggest car market.
Submitted December 03, 2018 at 01:28AM by bruh_breh_broseph https://ift.tt/2RuHLT3
