At a press conference held by the Ministry of Commerce on December 6, the media questioned the statement that China intends to reduce or abolish the tariff rate of 40% on automobiles exported to China by the United States. In response, a spokesman for the Ministry of Commerce, Gao Feng, said that China would immediately implement the specific issues on agricultural products, energy and automobiles that have been agreed upon by both sides. On the issue of automobile tariffs, he suggested that attention should be paid to the announcement of the Tariff Commission of the State Council.
Since the United States unilaterally imposed tariffs on 50 billion US dollars of Chinese goods, China has adopted equivalent trade measures to impose 25% tariffs on relevant U.S. exports, including automotive products. Since then, the tariff rate on automotive products imported by the United States into China has increased to 40%.
Source: Global Times - Global Network. More exciting, please log on to the World Wide Web http://www.huanqiu.com responsible editor: Zhang Xianchao_NN9310