"Bloomberg News said the proposal would cut the tariffs to 15 percent from 40 percent, citing people familiar with the matter. China raised tariffs on U.S. autos to 40 percent in July in retaliation to U.S. tariffs.
A day after President Donald Trump agreed to a 90-day trade truce with China at the G-20 summit, he tweeted that the country had agreed to lower these auto tariffs."
https://www.cnbc.com/2018/12/11/gm-f...hinted-at.html
This is a positive development. Isn't it?