China will reduce tariffs on vehicles and components

China will reduce tariffs of vehicles and components

The People's Republic Of China will bring tariffs on imported cars to 15 per cent from 1 july. At present tariffs are between 20 and 25 per cent. In the case of the components of motor vehicles, the levy is between 8% and 25 per cent today and will al6 per cent since july. The measure was announced in a communication from the Ministry of commerce yesterday 22 may, as part of the efforts of the Chinese government to open the largest market for cars of the world. In 2017 Spain cars exported to China 78 M €and equipment, components and accessories for automotive 477 M €.