China will continue to suspend extra tariffs on US vehicles, auto parts

A man drives a red car past a parking lot where large numbers of newly manufactured cars are parked at Dayaowan port of Dalian, Liaoning province June 10, 2012. [REUTERS/Stringer]
China’s State Council said on Sunday that the country would continue to suspend additional tariffs on US vehicles and auto parts after April 1, in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports.

In December, China said it would suspend additional 25 percent tariffs on US-made vehicles and auto parts for three months, following a truce in a trade war between the world’s two largest economies.

The State Council, or cabinet, said Sunday’s move was aimed at “continuing to create a good atmosphere for the ongoing trade negotiations between both sides”.

“It is a positive reaction to the US decision to delay tariff hikes and a concrete action adopted (by the Chinese side) to promote bilateral trade negotiations,” the State Council said.

“We hope the US can work together with China, accelerate negotiations and make concrete efforts towards the goal of terminating trade tensions.”

The government also said it would announce separately when the suspension would end.

We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.

Chinese importsCarsTariffs