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China lowers tariffs on imported vehicles to 15%

by MIKE OCHONMA

July 12, 2018 | 8:24 am
  |     |     |   Start Conversation
China lowers tariffs on imported vehicles to 15%

While the US is considering discourage vehicle imports through increment in import duty, the Chinese government has slashed tariffs on imported light vehicles to 15 percent from 25 percent, effective July 1. As a result of this move, import tariffs for auto parts were reduced to 6 percent from around 10 percent, according to China’s…

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by MIKE OCHONMA

July 12, 2018 | 8:24 am
  |     |     |   Start Conversation

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