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China lowers tariffs on imported vehicles to 15%

While the US is considering discourage vehicle imports through increment in import duty, the Chinese government has slashed tariffs on imported light vehicles to 15 percent from 25 percent, effective July 1. As a result of this move, import tariffs for auto parts were reduced to 6 percent from around 10 percent, according to China’s...

The post China lowers tariffs on imported vehicles to 15% appeared first on BusinessDay : News you can trust....


Published By: Business News - Thursday, 12 July

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