, Columnist
China’s Auto Tariff Reversal Looks Like a Lemon
Peek under the hood, and a proposal to eliminate retaliatory tariffs doesn’t offer all that much.
Vehicles at the port of Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China has capitulated on cars. Or so it may seem to trade-war watchers.
A premature President Donald Trump tweet, a phone call between trade negotiators and then days later, China may be backing down on a key bone of contention: An elimination of retaliatory tariffs on U.S. automobiles has been submitted to the State Council, people familiar with the matter told Bloomberg News.