China Considers SLASHING Import Tariffs To Avoid US Trade War

China is considering proposals to slash import duty on passenger cars by about half, a move that’s set to give a lift to luxury-auto makers such as BMW AG and Toyota Motor Corp.’s Lexus unit, according to people with direct knowledge of the matter.

The State Council, or China’s cabinet, is weighing plans to reduce the 25 percent levy -- which has been in place for more than a decade -- to 10 percent or 15 percent, said the people, who asked not to be identified as the deliberations are private. An announcement of a decision could be made as early as next month, the people said.

PUGPROUD - 4/26/2018 5:31:02 PM

+3 Boost

The art of the deal. Trump is the ultimate high stakes troll...and its working on all fronts. You may hate the man but he is getting results. Like the woman said "The fireman may drop F bombs, cheat on his wife and be uncouth but when my house is on fire I want him and glad he knows his stuff." Trump knows how to leverage American might to get results.

TomM - 4/26/2018 7:00:28 PM

+4 Boost

Trump ALSO said he would release his Taxes - and give a HUGE middle class tax break - instead of lower taxes on the rich.

China has not implemented any such decrease - they are probably waiting to see Trumps Taxes

Foncool - 4/27/2018 6:56:49 AM

+1 Boost

If you like your doctor, you can keep your doctor remember that one?

Trump’s taxes don’t matter and are a distraction. Considering what the past administration did with the IRS and how they went after Trump for anything they could dig up. Don’t you think if he did anything illegal or even something that would negatively effect him that they would be perp walking in front of the cameras saying no one is above the law in 2 minuets?

MrEE - 4/26/2018 6:30:00 PM

+3 Boost

They also need the door open to start shipping cars made in China to the US and elsewhere.