Another Trump lie?
China Will Slash Car Tariffs, Trump Says, in a (Vague) Tweet
Trump:
China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.
The disclosure took trade watchers and auto industry figures in both countries by surprise. The issue of auto tariffs had not appeared in the public disclosures from either the United States or Chinese governments issued after the two sides hammered out their temporary trade-war truce.
It was unclear what China had agreed to do, if it had agreed to do anything at all.
China does not import many cars from the United States. American imports represent roughly 1 percent of the market.
While Chinese drivers love to buy Chevrolets and Fords, those vehicles are generally made in Chinese factories through joint ventures between local and American carmakers.
If cuts in tariffs on American-made cars are in the works, the biggest beneficiaries are likely to be German.
BMW and Mercedes both produce sport utility vehicles in the United States and export them all over the world, including to China.
https://www.nytimes.com/2018/12/03/business/china-trump-cars-tariffs.html?action=click&module=Top%20Stories&pgtype=Homepage