China Thinking About Slashing Tariffs On U.S.-Built Cars – Here’s The Irony…

China Thinking About Slashing Tariffs On U.S.-Built Cars – Here’s The Irony…

Boy, we're really squeezing the juice out of this "China is thinking about slashing the tariff rate on imported cars" story aren't we? On Tuesday morning, Bloomberg reported that Beijing is considering a measure to cut tariffs on U.S.-made cars to 15% from 40%. The news comes on the heels of a phone call between Chinese Vice Premier Liu He and Steve Mnuchin. Lighthizer was also on the line. That means the ratio of rational people to irrational people on the call was 2:1, which probably expla
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