Trade War Watch: China to Reduce Import Tariffs for Cars and Components

China has announced plans to slash import fees on automobiles to 15 percent starting this July. While the tariff currently rides high at 25 percent, the country's Ministry of Finance said reducing it was part of an intentional effort to open up China's markets and spur development within the local automotive sector. It may also have […] The post Trade War Watch: China to Reduce Import Tariffs for Cars and Components appeared first on The Truth About Cars. from The Truth About Cars https://ift.tt/Jh8LjA