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GM Ford Lincoln issued a statement in response to China's proposed 25% tariff on imported cars from the United States.

GM Ford Lincoln issued a statement in response to China's proposed 25% tariff on imported cars from the United States.

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In April 4, 2018, the US government issued a list of tariffs, which would impose a 25% tariff on 1333 US $50 billion commodities exported to the United States. At the same time, in accordance with the provisions of the People's Republic of China foreign trade law and the import and export tariff regulations of the People's Republic of China, the State Council approved by the State Council, the State Council Tariff Commission decided to impose a tariff of 25% on 106 items of soya, automobile and chemical products originating in the United States, including 14 categories of commodities. The implementation date will be subject to the US government's duty to impose tariffs on Chinese goods, which will be announced separately by the State Council Tariff Commission.

 

According to the list proposed by the United States Trade Representative Office, the Chinese export of auto products and parts to the United States will be expropriated by an additional 25% tariff, which means that it means &ldquo, which is still in its infancy, which is still in its infancy, which is still in its infancy.”