Date: May 22nd, 2018 8:05 AM
Author: Galvanic Digit Ratio Faggot Firefighter
And all Trump had to do was unilaterally back down and suspend all the proposed tariffs first?
US tariffs on imported cars are 2.5%, by the way. China reduced then to...15% LJL
"The drop “is a significant reduction, but it really won’t have much of an effect” on where automakers assemble vehicles, said James Chao, the chief Asia auto analyst at IHS Markit."
By cutting the tariff on imported car parts more than on imported cars, China may actually strengthen its role as the world’s largest car-assembling nation.
Lower tariffs on imported components will make it more attractive for global manufacturers to do much of their final assembly in China, since they will not have to pay as much to import high-tech parts made elsewhere.
Cementing China’s role as the leading country for car assembly will help Beijing move the economy toward more sophisticated industries that can provide well-paid jobs for an increasingly well-educated population. Through a process Chinese officials call supply-side reforms, they hope to close older, smokestack industries that offer little more than low wages and high pollution.
(http://www.autoadmit.com/thread.php?thread_id=3983557&forum_id=2#36103034)