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Trump, without providing details, wrote in an early morning post on Twitter: “Very productive conversations going on with China! Watch for some important announcements!”. White House adviser Kellyanne Conway welcomed reports of the auto tariff cut. “It’s really great news, and I hope our friends in the auto industry see it that way as well,” she told reporters at the White House. Officials at the U.S. Treasury and U.S. Trade Representative’s office declined to provide details of the trade call.

China’s commerce ministry said, “Both sides exchanged views on putting into effect the consensus reached by the two countries’ leaders at their meeting, and pushing forward the timetable and road map for the next stage of economic and trade consultations work.”, China had cut its black & stainless cufflinks | uk global auto import tariff to 15 percent from 25 percent in May, but in July added on a punitive 25 percent tariff on U.S.-produced autos in response to an initial round of U.S, tariffs on $50 billion worth of Chinese goods..

That brought Beijing’s total tariff rate on U.S. autos to 40 percent, hitting growing U.S. exports of luxury cars and sport-utility vehicles, including those from BMW (BMWG.DE), Ford Motor Co (F.N), Mercedes (DAIGn.DE) and Tesla (TSLA.O). Daimler shares closed 2.7 percent higher, while BMW shares rose 1.8 percent. GM (GM.N) shares were up 1.4 percent in late U.S. trading, while Ford rose 0.5 percent and Tesla rose 1 percent. The Wall Street Journal, citing people familiar with the issue, said Liu planned to go to Washington after the new year. U.S. Trade Representative officials have declined to comment on plans for any new U.S.-China trade meetings.

The Harvard-educated Liu, Xi’s top economic adviser, is leading the talks on the Chinese side, In comments reported separately by China’s foreign ministry, the government’s top diplomat, State Councillor Wang Yi said, “If China and the United States are antagonistic, then there are no winners, and it will hurt black & stainless cufflinks | uk the whole world.”, The United States should look at China’s development in a more positive light, and constantly look to “expand the space and prospects for mutual benefit,” he told a forum..

WASHINGTON (Reuters) - Two U.S. senators from Ohio on Tuesday asked General Motors (GM.N) chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America. The letter from Republican Senator Rob Portman and Democrat Sherrod Brown demanding answers to questions by Dec. 21 is the latest effort by Congress and the White House to press GM into reversing its decision to halt production at four U.S. plants and cut thousands of jobs.

The senators also asked if GM will produce additional electric cars or shift to building EV SUVs and crossovers, The letter asks GM to disclose how many people at its suppliers in Ohio will lose their jobs if GM closes its Lordstown Assembly plant as well as how black & stainless cufflinks | uk much it will cost to close the plant, GM plans to discontinue U.S, production of the Chevrolet Cruze, which is made in Lordstown, GM is unlikely to build a new vehicle at Lordstown once it halts Cruze production in March, company officials say, and GM executives have told Congress it would take two years or longer to develop and prepare the plant to assemble a new vehicle..

Barra said last week she would keep an “open mind” about the plant’s future. The final decision will be made during contract talks in 2019 with the United Auto Workers union, she added. On Friday, four members of the U.S. House wrote President Donald Trump inviting him to join them in visits to the closing plants and urging him to intervene “in every manner possible to seek both short and long term remedies for these workers.”. GM, which is holding a two-day board meeting this week, did not immediately comment on the letter. The company cut hundreds of contract product development jobs in Michigan last week as part of its plan to cut around 8,000 salaried positions in North America by early 2019.

GM said in October 2017 it would launch at least 20 new all-electric vehicles by 2023, but has not said where they will be produced, GM builds the EV Chevrolet Bolt black & stainless cufflinks | uk at a plant in Michigan, but plans to end production next year of its plug-in hybrid Chevrolet Volt in Detroit, GM builds the Buick Envision in China and exports it to the United States, The company asked the Trump administration in July to exempt the vehicle from a new 25 percent U.S, tariff, The White House favors ending the $7,500 electric vehicle tax credit, GM and Tesla Inc (TSLA.O) have been lobbying Congress to extend the credit to cover additional vehicles..

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