Sunday, August 3, 2025

China to Cut Tax on U.S. Vehicles to Ease Trade Tensions

From  Bloomberg News /AJOT China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25 percent tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China was