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Elham AbolFateh

Automobile

Mercedes-Benz cuts China prices after tariff on U.S.-made cars suspended

Monday 17/December/2018 - 04:58 PM
Sada El Balad
Edited by Hassnein Tayea
German luxury carmaker Mercedes-Benz on Monday said it would offer discounts on cars imported into China from the United States until March 31 after Beijing suspended additional tariffs on U.S.-made cars، Reuters reported.

Prices of four models were cut by between 36،000 yuan ($5،219.96) and 135،000 yuan، the Daimler AG-owned (DAIGn.DE) company said on its microblog.

China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting January 1، the finance ministry said on Friday، following a truce in a trade war between China and the United States.

Tesla said on Friday it had cut prices on its Model S and Model X vehicles in China after China’s tariff reduction.

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