04-10-2018, 01:57 AM
http://www.breitbart.com/news/chinas-president-promises-to-cut-auto-import-tariff/
Admittedly the tariffs made me nervous and J Was never a fan of the tariffs but Trump and his administration are effectively using them to balance out some trade agreements. Which is making a good use of the tariff. Once again he is taking on and doing what he said he would do leading up to Election.
Getting China to back down is big, add that to rocket man moving to Denuke, immigration enforcement, and reworking NAFTA and other trade deals, getting Israel recognized by anyone in the Muslim Middle East.
Good stuff by Trump.
Admittedly the tariffs made me nervous and J Was never a fan of the tariffs but Trump and his administration are effectively using them to balance out some trade agreements. Which is making a good use of the tariff. Once again he is taking on and doing what he said he would do leading up to Election.
Getting China to back down is big, add that to rocket man moving to Denuke, immigration enforcement, and reworking NAFTA and other trade deals, getting Israel recognized by anyone in the Muslim Middle East.
Good stuff by Trump.
Quote:China’s president promises to cut auto import tariff
by AP9 Apr 201864
BEIJING (AP) — President Xi Jinping has promised to cut China’s auto import tariffs and ease restrictions on foreign ownership in its auto industry amid an escalating tariff spat with Washington.
In a speech Tuesday at a business conference, Xi made no direct mention of the dispute with President Donald Trump but pledged to open China’s markets further and improve conditions for foreign companies.
Xi said Beijing will “significantly lower” tariffs on auto imports this year and ease restrictions on foreign ownership in the auto industry “as soon as possible.”
