China State Council: China will continue to suspend extra tariffs on US vehicles, auto parts

Reuters reports the latest comments delivered by China’s State Council on Sunday on the US-China trade progress.

Key Quotes:

“China would continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1.

It is a positive reaction to the U.S. decision to delay tariff hikes and a concrete action adopted (by the Chinese side) to promote bilateral trade negotiations.

“We hope the U.S. can work together with China, accelerate negotiations and make concrete efforts towards the goal of terminating trade tensions.

The government also said it would announce separately when the suspension would end.”