Date: 7 months ago   Category: Auto

China declared determination to lower duties on the American cars


Beijing in trade negotiations with the USA expressed readiness to lower duties on the American cars. China during the trade negotiations with the USA expressed readiness to lower duties on the American cars from 40% to 15%. With reference to sources The Wall Street Journal reports about it. It is specified that the offer was heard during the conference call which took place on Monday in which the U.S. Treasury Secretary Stephen Mnuchin and the Deputy Prime Minister of the State Council of the People's Republic of China Liu He participated, the newspaper writes. According to the analytical company LMC Automotive, in 2017 the USA delivered to China 266 thousand cars, and according to data of customs office of the People's Republic of China, in value terms export made $9.5 billion. Taxes on the American cars were raised in response to similar actions of Washington then the companies in order to avoid losses had to increase the prices. The USA and China following the results of a meeting of leaders of two countries in Buenos Aires at the beginning of December agreed to refrain from new protectionist measures within 90 days. During this period between the parties there will take place negotiations with the purpose of the solution of claims in the sphere of trade. Earlier it was reported that the USA does not intend to refuse restrictive measures against China in the field of trade until Beijing does not change the trade policy. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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