>
Article snippet: MORE suggested the tariffs on Chinese goods could be gradually removed if Beijing agreed to certain concessions, according to the New York Times. The agreement also came as Chinese auto manufacturers are aiming to enter the U.S. market within the next couple of years. China is currently the world's largest manufacturer of cars and car parts, as well as the world's biggest market for cars. The Trump administration has threatened a Chinese joint venture of General Motors with a 25-percent tariffs on the vehicles it exports to the U.S. The administration already imposes a 2.5-percent tariff on all cars from other parts of the world. China recently cuts it tariffs for foreign automobiles to 15 percent, but leveled an addition 25-percent tariff on American cars over the summer, bringing the total to 40 percent. Trump's Sunday announcement comes after months of heated back-and-forth between Washington and Beijing. The U.S. has repeatedly accused China of unfair trade barriers, as well as theft of U.S. intellectual property. China has hit back at the Trump administration by manufacturing and agricultural exports, especially those produced in red states where support for Trump remains high. The president in addition signed a renegotiated trade deal with Canada and Mexico this week. The deal must still be reviewed by the Senate. The Chinese Embassy did not immediately respond to The Hill's request for comment. The Hill 1625 K Street, NW Suite 900 Washington DC 20006 | ... Link to the full article to read more