Posted on 12/11/2018 6:24:38 AM PST by BenLurkin
China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter.
The step hasn’t been finalized and could still change, according to the report.
Shares of U.S. automakers including General Motors Co (GM.N) and Ford Motor Co (F.N) rose about 2 percent in premarket trading on hopes that the move could revitalize sales that took a hit when China ramped up levies on U.S.-made cars.
(Excerpt) Read more at reuters.com ...
The MSM purposely make their headlines confusing. What does “Automakers rise” mean when simple English would dictate, “Automakers Celebrating/Joyed/Pleased, etc.”
But will they limit the number coming in? Or make strange technical provisions?
They will lower the tariff, but each American made car will need to be processed by the newly created nonTafriffUSCarDivision which reports directly to the politburo for a nominal fee of 30% of the sticker cost of the vehicle.
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