U.S. Car Makers Left in the Dust as China’s Tariff Cut Boosts Europe, Japan
Auto makers exported a file $7.four billion value of automobiles to China final month, as European and Japanese corporations took benefit of a tariff minimize that excludes their U.S. counterparts.
The July 1 tariff discount to 15% from 25% permits decrease retail costs, which inspired overseas producers to ship 165,000 vehicles into China final month, breaking the earlier file of 134,000 set in July 2014, in line with customs knowledge.
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