2018-05-22

Tariff cut

China Makes Massive Cut to Car Tariffs After Truce With Trump

Tariff reduced to 15% from 25%, boosting automaker shares
Expected shift comes after truce in the U.S.-China trade war

The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the current 25 percent that has been in place for more than a decade,

https://www.bloomberg.com/news/articles/2018-05-22/china-is-said-to-cut-car-import-duty-in-boost-for-lexus-bmw

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