White House economic adviser Larry Kudlow says there is no “specific agreement” between the United States and China that would address China’s tariffs on U.S. auto imports but says he “expects” those duties to go to zero.
President Donald Trump tweeted late Sunday that China would “reduce and remove” its 40 percent tariff on U.S. cars. China has not confirmed that it would do so.
China has a 15 percent import tax on all autos. But it raised its tariff on U.S. cars to 40 percent earlier this year in retaliation for Trump’s tariffs on Chinese goods.
“We don’t yet have a specific agreement on that,” Kudlow said on a conference call with reporters. “But I will just tell you as an involved participant we expect those tariffs to go to zero.”
This story will be updated.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.