China will continue to suspend tariffs on imported U.S. cars
China will continue to suspend tariffs on imported U.S. cars as trade negotiations between the two countries drag on, China's State Council announced this week, Reuters reported.
China announced in December 2018 it would remove an additional 25% tariff on U.S. imports of cars for a three-month period beginning Jan. 1. This latest announcement is an extension of that change. The government said it would make a separate announcement detailing when these suspended tariffs would again take effect.
"It is a positive reaction to the U.S. decision to delay tariff hikes and a concrete action adopted (by the Chinese side) to promote bilateral trade negotiations," the State Council said, according to Reuters.
Trade negotiations between China and the U.S. are still unfolding. Vice Premier Liu He and a Chinese delegation are traveling to Washington this week to meet with U.S. trade partners on Wednesday, according to The New York Times.
The two countries hope to reach an agreement by the end of this visit and potentially hold a signing ceremony later this month with President Trump and Chinese President Xi Jinping, The New York Times reported.
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