According to the news network on December 18, the Japanese media said that China announced on December 14 that it will reduce the tariff on imported cars from the United States from the current 40% to 15%. The time is from January 1 to March 31, 2019. The move is believed to be aimed at avoiding escalating trade frictions. Affected by this, the US pure electric vehicle company Tesla and German BMW lowered the price of American-made premium cars sold in China.
Up to 11% lower
The Nihon Keizai Shimbun website reported on December 17 that China’s tariff reduction target is a total of 211 categories of automobiles and auto parts. The entire US-made vehicle is currently subject to a 25% increase in the original tariff, but will not be added from January to March next year.
US pure electric vehicle company Tesla and German BMW lowered the price of American-made premium cars sold in China. According to reports, from the perspective of price cuts, Tesla is 5-11% and BMW is 4%.
Tesla lowered the price of the cheap version of the main model "Model S" by 5% to 740,000 yuan, and some models were down 11%. On the 15th, BMW announced the reduction of the price of the multi-purpose sports car "X5" imported from the United States.
Want to save momentum by cutting prices
According to the report, due to Sino-US trade friction, China’s tariff on imported US cars will increase from 15% to 40% in July, Tesla will also raise the price by about 20%, but China’s sales in October are considered to be higher than the previous year. In the same month, it decreased by 70%, and in November it fell by 12-26%. BMW's sales in China from January to November increased by 6% compared with the same period of last year, but it is lower than Toyota's high-end car brand "Lexus" and Germany's Daimler, which hopes to achieve double-digit growth, hope to restore the momentum by cutting prices as early as possible.
In the Sino-US summit meeting on December 1, China agreed to increase imports of US agricultural products, energy and industrial products. The tariff reduction is also based on the above-mentioned agreement. China and the United States will promote consultations on China's intellectual property protection, technology transfer and non-tariff barriers by the end of February next year. If 90-day negotiations fail to make progress, China is likely to raise auto tariffs again.
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Shengping Safety Protection Locks Manufactur, create to set up in 1989, is an enterprise specialized in the manufacture of different kinds of locks. We have obtained quality system authentications as ISO9001-2000 International Quality Control System Attestation,and we have obtained self-operation export and import right etc. According to many years of producing and R&D experience, we produce locks more than 100 kinds of specification with different kinds of raw materials & styles. Moreover, we can do customized work as per clients`designs.
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