China cuts tariffs of non-American imports

Discussion in 'Economics' started by Cuddles, Sep 26, 2018.

  1. Cuddles

    Cuddles

    https://www.businessinsider.com/trump-trade-war-china-cuts-tariffs-to-protect-consumers-2018-9

    • China says it will cut import tariffs on numerous non-US goods, a major backward step in its trade war with the US.
    • The move is most likely designed to protect Chinese consumers against rising costs associated with the trade war.
    • The cuts in tariffs are expected to save Chinese consumers and businesses something in the order of 60 billion yuan ($8.7 billion), according to Reuters.
     
  2. China doesn't import , this has minimal impact . China needs to reduce tariffs on all imports including US goods. Then other countries and US will reduce tariffs on China imports and abide by intellectual rules, simple . Everyone wins !
     
    guru likes this.
  3. maxinger

    maxinger

    That's interesting. Tariff war means

    INCREASE and/or DECREASE tariff.
     
  4. zdreg

    zdreg

    it is a non-starter. tell it to the Germans to reduce their tariffs on US cars. the Germans were offered this kind of deal but said no deal.
     
  5. schweiz

    schweiz

    They could do it easily as roughly 95% of all cars sold in Europa are none US cars. Europeans don't like US cars. Only Tesla could be a threat in past. But as all German carbuilders starts to built EV's too, Tesla might not be a threat anymore soon.
     
  6. zdreg

    zdreg

    why then don't they reduce the tariffs on imports?
     
  7. Then Trump should place a tariff on imported german cars. I'm all for fair trade.
     
  8. schweiz

    schweiz

    To avoid that Tesla would build up a big marketshare before the Germans are ready to sell EV's.
     
  9. JSOP

    JSOP

    Yes but it doesn't have to be with just one country.
     
  10. schweiz

    schweiz

    A lot of German cars are build in the US, and I think there are tariffs already.
     
    #10     Sep 26, 2018