Axar.az
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12 December 2018


Trump's China car tariffs claim sows confusion

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A proposed cut by China to tariffs on US car imports created confusion in Washington, a day after it was announced by US President Donald Trump.

Axar.az reports citing BBC.

Beijing has not yet confirmed the move and President Trump's advisers appeared less certain about the agreement.

Uncertainty also surrounded the details of the broader trade war truce struck by the US and China at the G20 summit.

Amid scant details, carmaker Ford told the BBC it's "looking forward to learning more" about the truce.

The US accuses China of unfair trading practices and tariffs are intended to counter Chinese practices that make it difficult for American companies to compete.

Tariffs, in theory, make US-made products cheaper than imported ones, and encourage consumers to buy American.

After months of escalating threats, Washington and Beijing said they had reached a temporary agreement in their bruising trade dispute at the G20 meeting in Argentina over the weekend.

Central to the deal was an agreement between President Trump and China's President Xi Jinping to not increase tariffs for 90 days to allow for talks.

Date
2018.12.04 / 14:29
Author
Axar.az
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