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Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW

Reuters  |  WASHINGTON/SHANGHAI 

By David Lawder and Adam JourdanWASHINGTON/SHANGHAI (Reuters) - U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.Trump, fresh from agreeing a 90-day cease-fire in his trade war with China at the meeting of the G20, said on Twitter that "China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%."The move, if realized, would bolster U.S. car manufacturers who were ...

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First Published: Mon, December 03 2018. 12:48 IST
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