President Trump published a tweet yesterday stating that China was asked to develop a yearly plan for the One Billion Dollar reduction in their trade deficit with the United States. President Trump was well received during his visit to China earlier this year and notes this by saying that U.S. relations with China are very good and that he looked forward to seeing what ideas they came up with. But, President Trump urged that the United States must “act soon” to increase tariffs.
China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!
Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors.
Musk gave an example of this noting that a car produced in the United States and imported into China pays a 25 percent import tax but that China only pays a 2.5 percent import tax when sending their cars to the U.S.
Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors.
For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference
Musk further noted that U.S. companies are prohibited from owning a majority share of their Chinese production factories but that there are many Chinese owned automotive factories in...Read More HERE
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