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Auto stocks soar after Trump tweets China to cut tax on US-made cars

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U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler who manufacture in the U.S. for export to the world's biggest auto market.

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Trump raised tariffs on China China raised tariffs on US. Now both sides compromised. Trump declared Winning and called it the biggest tax cut ever from China. What do we miss here?

They soared on Sunday?

Are they cutting the tax they added this year or the ones they have imposed for years? Suckers.

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Trump tweets China to cut tax on U.S.-made cars, revs up auto stocksWASHINGTON/SHANGHAI (Reuters) - U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world's biggest auto market. Shares of Chinese car dealers also perked up on Cut by how much? Imagine trying to operate a corporation in this environment. This is the result of a mentally ill pathological liar determining us trade policy.
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