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China to Cut Auto Import Tariffs

China said Tuesday it will cut tariffs on most imported cars from 25 percent to 15 percent beginning July 1. The announcement by the country's finance ministry follows a pledge by President Xi Jinping last month to lower the import duties and to ease foreign ownership restrictions for the Chinese auto industry. It also comes after trade talks between China and the United States and an agreement between the world's two largest economies to avoid a trade war. U.S. President...

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