Trump took to his Twitter page on Monday to announce that China agreed to reduce its tariffs on American cars coming to the Asian country.
"China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%," the US president said on his Twitter page.
China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.— Donald J. Trump (@realDonaldTrump) December 3, 2018
The announcement comes amid current developments in trade relations between the two nations. Donald Trump and his Chinese counterpart Xi Jinping agreed Saturday that no new tit-for-tat tariffs will be imposed after January 1 as trade talks between the countries continue.
Beijing and Washington have been engaged in a major trade row following Trump's announcement of the introduction of steel and aluminium import duties in March. The tensions further escalated in late May when US government announced that $50 billion worth of Chinese goods would be subject to 25 percent tariffs, a move that prompted a harsh retaliation from Beijing.