China is temporarily removing retaliatory tariffs placed on U.S. cars, trucks, and auto parts in another sign that China is making good on pledges made with the United States during the G-20 summit in Argentina.
From Jan. 1, Beijing will halt for 90-days the extra 25 percent tariff it had placed on cars and trucks from the U.S., as well as a 5 percent charge on auto parts, the Finance Ministry announced on Dec. 14.
