One of the great mysteries on the world stage right now is the state of trade tensions between the U.S. and China. Are tensions getting better or worse? Photo: APBEIJING—China is temporarily removing the punitive tariffs placed on U.S.-made cars and auto parts in a concession intended to smooth trade negotiations. For the three months starting Jan. 1, cars imported from the U.S. will no longer be hit with an extra 25% tariff, while extra levies of varying rates on auto parts will also be removed, according to a statement released by the Finance Ministry on Friday. With the scrubbing of those penalties, cars imported from the U.S. will face a 15% tariff and auto parts a 6% tariff, the...

Source: Wall Street Journal December 14, 2018 15:00 UTC