CNN Business: China is temporarily slashing tariffs on US auto imports
Article published: December 15, 2018
IB Economics syllabus: International economics (protectionism, tariffs)
After placing additional tariffs on cars in July, China has now decided to reduce these tariffs on a temporary basis for the next three months. The decision was made in order to avoid an esclation of the trade war between the U.S. and China. A great article to show how the removal of the tariff will boost imports of cars into China.
Source of image: CNN Business (video)
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