China defers extra tariffs on US vehicles & auto parts as a goodwill gesture to the ongoing trade negotiations

While the trade negotiations are going on between the US and China, both the countries are showing goodwill gestures by refraining from levying extra tariffs on each other’s products. China's State Council announced on Sunday that China will not impose additional tariffs on U.S. vehicles and auto parts after Monday, April 1, as a positive return gesture to US decision to delay tariff hike on Chinese goods.

After the US and China decided on a temporary truce in the trade war, China announced in December it would suspend additional 25 percent tariffs on vehicles and auto parts imported from the US for three months.

According to the State Council, the move was “to create a good atmosphere for the ongoing trade negotiations between both sides".

"We hope the U.S. can work together with China, accelerate negotiations and make concrete efforts towards the goal of terminating trade tensions," the State Council added.

The government also said it would make a separate announcement when the suspension would come to an end.

Top U.S. and Chinese trade officials wrapped up two days of negotiations in Beijing recently.

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer were in Beijing for the first face-to-face meeting between the two sides after Trump delayed raising tariffs on $200 billion worth of Chinese goods. On Friday, U.S. President Donald Trump said that trade talks with China were positive but reiterated that he would not accept anything less than a "great deal".  

A Chinese delegation team headed by Vice Premier Liu He would be in Washington next week to resume next round of negotiations.