Trump: China will cut tariffs on cars exported from US

President Donald Trump announced via Twitter Monday that China has agreed to cut tariffs it imposes on American-made vehicles exported into the Asian country. The tariff reduction appears part of an agreement to halt any new taxes in the ongoing U.S.-China trade war, Reuters reported.

The president said in his tweet, “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.”