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Trade war

China to lower tariffs on US-made cars for 3 months

Trump says trade war is hurting Beijing and expresses confidence in early deal

BEIJING -- The Chinese government said Friday that it will suspend additional tariffs on American cars from Jan. 1 through March 31, slashing the rate from 40% to 15%, as Beijing seeks to soothe trade tensions with certain concessions to Washington.

The suspension marks China's first tariff reduction since the two countries exchanged additional levies in July. The reductions cover 211 items including vehicles and auto parts.

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