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Trump: China agrees to reduce tariffs on US autos

Trump: China agrees to reduce tariffs on US autos | 02 Dec 2018 | President Trump announced on Sunday that China had agreed to "reduce and remove" tariffs on U.S.-produced vehicles imported into the country. "China has agreed to reduce and remove tariffs on cars coming into China from the U.S.," the president tweeted. "Currently the tariff is 40%." Trump's announcement comes shortly after he and Chinese President Xi Jinping announced a breakthrough during the G-20 summit in Buenos Aires over the weekend, temporarily pausing an escalating trade war between the two countries.