China slashes auto import tariffs in boost to BMW, Tesla

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Go back to China slashes auto import tariffs in boost to BMW, Tesla

Auto Stocks Gain as China to Cut Import Tariffs

May 22, 2018 7:56 AM EDT

Auto stocks are higher early Tuesday as China said, in a surprise move, it will cut import tariffs for automobiles and car parts.

Import tariffs will be cut to 15 percent from 25 percent for most vehicles from July 1, the Ministry of Finance said.

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