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Trade war

China to cut auto tariff to 15%, as US dials up pressure

Trump hints at 'important announcements' after talks among top trade officials

A BMW X7 concept car is shown at the Beijing motor show in April. BMW exports sport utility vehicles from the U.S. to China.   © Reuters

BEIJING/WASHINGTON -- China is preparing to slash its tariff on U.S. vehicles to 15% from 40%, it was learned Tuesday, as Beijing moves to advance trade talks with the Trump administration.

The news comes after Chinese Vice Premier Liu He talked with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin by phone earlier in the day.

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