China to reduce auto tariffs after Trump criticism


(Worthy News) – Chinese President Xi Jinping said on Tuesday that his country will reduce tariffs on automobiles imported into the country.

The announcement comes after President Donald Trump on Monday took aim at China’s 25 percent tariff on foreign cars, compared to the United States’ 2.5 percent tariff.

“When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%,” Trump tweeted Monday. “When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!” [ Source: UPI (Read More…) ]

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