December 3, 2018 / 6:28 PM / 12 days ago

White House adviser expects China's tariffs on U.S. autos to fall to zero

WASHINGTON, Dec 3 (Reuters) - White House Economic Adviser Larry Kudlow on Monday said that China could immediately slash its vehicle tariffs, as the country enters a 90-day truce in the current trade war with the United States to negotiate a trade deal, as he reiterated China’s pledge to begin lifting barriers immediately.

Kudlow said on a call with reporters that he believed the immediate action could include China reducing its 40 percent tariffs on U.S.-produced vehicles and that he expects Beijing will quickly roll back new retaliatory tariffs it had imposed on agricultural imports as the trade war heated up.

“We expect those tariffs to fall to zero,” he said in reference to the auto tariffs. (Reporting by Susan Heavey and David Lawder, writing by Lisa Lambert, editing by G Crosse)

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