Just a day after the cease-fire agreement with China. Trump just tweeted that China has agreed to “reduce and remove tariffs on cars” from the US. And the current tariff is 40%.
It’s uncertain what Trump means by “reduce and remove”. Would China just reduce but not remove the auto tariffs? Or technically speaking, is removing tariffs considered reducing tariffs too? Or China is going to reduce tariffs for some cars and remove tariffs for others? Anyway, here is Trump’s tweet.
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