CHINA IMPOSES RETALIATORY TARIFFS ON USA AUTO SECTOR – MOST PAIN COMES IN DECEMBER
August 1st, 2019
THE AMERICAN automotive sector is today (Friday Aug 23) counting the cost of the latest round of automotive tariffs to be imposed on its vehicle and parts exports to China. It is the latest round of the increasingly punishing trade war between Washington DC and Beijing.
China’s State Council Tariff Commission announced that it would from December 15 reimpose 25% duties on a wide range of US-made automobiles and parts – tariffs that it had suspended in April. And it announced a new list of 10% and 5% additional duties that it would impose on another large ...
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