Monday, April 9, 2018

"China’s president promises to cut auto import tariff"

Good news for Tesla.

From the Associated Press:
President Xi Jinping promised to cut auto import taxes, open China’s markets and improve conditions for foreign companies in a speech Tuesday that called for international cooperation against a backdrop of a spiraling dispute with Washington over trade and technology.

Speaking at a business conference, Xi made no direct mention of his American counterpart, Donald Trump, or the tariff spat. But he mentioned themes that are key irritants in relations with Washington, repeating pledges to open China’s banking and finance industries to foreign ownership and to protect the intellectual property of foreign companies....MORE
And for General Motors, which I believe sells more cars in China than it does in the U.S.