Tariffs cut on U.S. car imports into China

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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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By EconDaddy IB Economics tutor|2022-01-13T10:41:32+00:00December 17th, 2018|International Economics|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.