China said Friday that it would temporarily suspend a 25 percent tariff on U.S.-made autos and a 5 percent one on auto parts starting next year. The statement confirmed a claim made earlier Friday by President Trump that China was rolling back the levy.
China’s Ministry of Finance made the announcement in a post on its website, saying it was following up on an agreement made by Trump and Chinese President Xi Jinping on Dec. 1 to de-escalate their trade war.
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