China Will Reduce Import Tariffs On Vehicle Parts And Components
China will reduce import tariffs on vehicle parts and components since July 1, 2018. The total vehicle tariff of 25% and 20%, respectively, was reduced to 15%, and the rate of tax reduction was 40% and 25%, respectively. The tariff of auto parts of 8%, 10%, 15%, 20% and 25% was reduced to 6%, and the average tax rate was reduced by 46%.
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