China suspends tariffs on American auto parts

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      The Tariff and Tax Commission of the State Council of China announced on Sunday evening that in order to implement the consensus of the Argentine meeting between the heads of state of China and the United States and continue to create a good atmosphere for bilateral economic and trade negotiations, it decided to continue to suspend tariffs on automobiles and parts originating in the United States from April 1, 2019, and to give a further notice of the deadline for suspending tariff measures.
"The continued suspension of tariff increases on automobiles and parts originating in the United States is a positive response from the Chinese side to the postponement of tariff increases by the United States and a practical move to promote economic and trade negotiations between the two sides. We hope that the United States and China will work together to intensify consultations and make practical efforts towards the goal of ending trade frictions. According to a press release published on the Ministry of Finance website.
On December 14, 2018, the Tariff and Tax Commission of the State Council issued a notice suspending tariffs on automobiles and parts originating in the United States for three months from January 1, 2019. In March this year, the United States announced that it would impose tariffs on imported goods from China starting in September 2018. It postponed raising the tariff rate again and maintained the tariff rate at 10% until further notice.


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