Trump says China might kill car tariffs, which would boost foreign automakers
Late Sunday night, President Trump seemed to announce a potentially big development in the ongoing trade war with China. The Chinese government, he tweeted after a sit-down dinner with President Xi Jinping at the G20 Summit, “agreed to reduce and remove tariffs on cars coming into China from the US.” China currently applies a 40 percent tax on cars imported from the United States, so a reduction or a complete removal — it’s still not clear which — would be a boon t
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