China to suspend additional tariffs on US-made cars from January 1

Reuters
Beijing, China Published: Dec 14, 2018, 04:09 PM(IST)

File photo. Photograph:( Reuters )

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The Ministry of Finance also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other's goods

China's finance ministry said on Friday it will suspend additional tariffs on US-made vehicles and auto parts for three months starting January 1, 2019.

The government will suspend 25 per cent tariffs on 144 US vehicle and auto part items and 5 per cent tariffs on 67 auto items between January 1 and March 31, 2019, the ministry said in a statement on its website.

The Ministry of Finance also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other's goods.

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