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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