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China cancel customs on vehicles and parts of US vehicles

1 Apr 2019 09:49 AM

China will continue to stop the imposition of new customs on US vehicles and parts after April 1, in a goodwill gesture following a US decision to defer an increase in tariffs on Chinese imports, the State Council said.

In December, China said it would suspend a new 25 percent increase in US vehicles and parts for three months following a truce in a trade war between the world's two largest economies. The move was aimed at "continuing to create a new climate for continued trade negotiations between the two sides," the State Council said. The government said it would announce separately when the suspension would end.

US President Donald Trump said on Friday that trade talks with China were going well, but warned he would not accept less than a "big deal" after the conclusion of two days of negotiations in Beijing between senior trade officials from US and China.