Monday, December 3, 2018

China agrees to remove tax for US cars: Chancellor Trump

Washington: "China has agreed to reduce and eliminate taxes for imported cars from the United States," US President Trump said. The world's biggest trading states, the US and China, have been kicked out of the past few months. China has also increased the tax on goods imported from the US and the US for Chinese goods. This trade war was affected by various industries. In particular, American auto companies suffered great losses. China is the largest market for American car companies. China, which has only taxed 15 per cent of US cars, has increased the tax rate to 40 per cent after the trade war. As a result, the sales of cars, including BMW's BMW and Volkswagen, have been dramatically declining in the US and produced in China. As a result, the company's top executives appealed to the US government.

In the meantime, the G-20 summit in Argentina was compromised by US President Trump-China Chancellor Jinping. Both agreed to end the trade war. The US has promised that new taxes will not be imposed on Chinese goods over the next 3 months. Similarly, China agreed to import more goods from the US. In this regard, Chancellor Trump said yesterday in his Twitter account: "China has agreed to reduce and remove tax for cars sent from the US. Now 40 percent is taxed. " The leading companies believe that sales of American cars will rebound in China.

Trump letter to Imran

Pakistan's Department of External Affairs reported that US President Trump wrote a letter to Pakistan Prime Minister Imran Khan to allow the Taliban to negotiate a 17-year war in Afghanistan. "Pakistan has done nothing to eliminate terrorism. US President Trump recently accused Pakistan of helping al Qaeda leader Osama bin Laden, hiding in Abbottabad.

Pakistan reported that the US $ 20,000-crore security fund had been discontinued. In a statement, Pakistani Foreign Ministry said: "Trump said in a letter to the Pakistani Prime Minister Imran to give more importance to the settlement of the Afghan war. He added that Pakistan should help in this matter. He has also compiled the loss of this war to the US and Pakistan. He noted that both countries should work together to explore opportunities for renewal of relations. Pakistan welcomes the decision to find ways to find a political solution to the Afghan problem

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