China’s finance ministry said Friday it will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019.

The government will suspend 25 percent tariffs on 144 U.S. vehicle and auto part items and 5 percent tariffs on 67 auto items between Jan. 1 and March 31, 2019, the ministry said in a statement on its website.

The Ministry of Finance also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other’s goods.

Source: VOA news

Sign up to receive our latest news!

By submitting this form, I agree to the terms.