BOOM! China Moves to Lower Tariffs on US Cars from 40% to 15%

GATEWAY PUNDIT ^ | 12/11/2018 | Jim Hoft

[bitt]

HUGE ECONOMIC NEWS THIS MORNING—

China moved to reduce tariffs on US cars from 40% to 15% in the latest sign of their willingness to negotiate a trade deal with President Trump....

...Despite the Deep State DOJ’s best efforts to ruin the trade deal and punish Americans China is committing to a new trade agreement with the Trump administration.

[bitt]

p

[mplc51]

Thanks President Trump!!!

[bitt]

https://twitter.com/cvpayne/status/1072463538906677249

Breaking News
In addition to a big conference call between key trade negotiators from the United States and China word that China will move on that Trump tweet to lower tariffs on US cars.

[bitt]

https://www.bloomberg.com/news/articles/2018-12-11/china-is-said-to-move-on-u-s-car-tariff-cut-trump-tweeted-about?cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_medium=social&utm_source=twitter

[be-baw]

KAPOW!!!

[gunnyg]

Hell NO!!!!!! ~0%.........maybe????????

No dice!
********************

[JoSixChip]

Fine, then we will only charge them 15% on their imports to us. It’s 10% now, so it’s a win win for us.

[central_va]

How about 0%.

[central_va]

Those gooks really know how to push it.

[JBW1949]

WINNING......

[Disestablishmentarian]

This is a very nice start; but, the lower tariffs won’t accomplish much unless non-tariff barriers are also removed.

[tomkat]

Hardball usually works   ;-)

[Grampa Dave]

More winning.

Where are the Nay Saying Never Trumpsters, who told us how Trump would destroy the world and our nation with his tariff war against China?

[Jeff Chandler]

[DrDude]

Never took financial genius to figure this out. common Sense is the key. Too bad the Lefties have no intention of backing our POTUS. further, they refuse to acknowledge any progress. keep on going Mr. trump. You are way ahead of these morons.

[Army Air Corps]

Ping.

[wastedyears]

tHaNkS oBaMa

[TomGuy]

Hand wringing — among the GOP establishment.

[gaijin]

Good news, but they’ll simply follow the Japanese by replacing the 40% tariff with a non-tariff barrier:

Say, something like, “The importation of US cars must be proceeded by a safety inspection by the authorities located in (insert TINY coastal Chinese town).”

That’s what the French did, many years ago, for videorecorders they didn’t want to levy tariffs on.

There’s a jillion ways they could swing it. Non-tariff barriers are the things of liars and China is FULL of those.

It’s still a symbolic victory, I guess.