China Agreed to Reduce Auto Tariffs, but no ‘Specific Agreement’
Top White House economic adviser Larry Kudlow on Monday said he believes China agreed to lower tariffs on imported automobiles during trade talks with President Trump, but did not provide specifics about the supposed agreement.
“I believe that commitment was made,” Kudlow told reporters. “That is my understanding. That is President Trump’s understanding. And hopefully we’ll see some quote, unquote immediate action there.”
Kudlow, however, would not say when China would end its 40 percent auto tariff and to what level it would be reduced.
“We don’t yet have specific agreement on that,” he said. “I will just tell you as an involved participant we expect those tariffs to go to zero.”
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