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Trade War Latest News

  • The top two U.S. automakers, General Motors and Ford, are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.
    GM, Ford Planning For Possible Economic Downturn: Report
  • China currently levies a 'car purchase tax' on new cars at 10 per cent, which after the tax cut will be reduced to 5 per cent. This will make cars more affordable although will only be applicable on cars whose engines are smaller than 1.6-litres. Interestingly, almost 70 per cent of all cars sold in China fall under this category. Amidst the on-going trade war, China had increased taxes on American made cars to a whopping 40 per cent while other imported cars from other regions of the world are taxed at 15 per cent.
    China To Cut Taxes On New Cars

Reviews

  • We pit the newest subcompact SUV in the market, Hyundai Venue, against it two key rivals in the market, Maruti Suzuki Vitara Brezza and Mahindra XUV300.
    Subcompact SUV War! Hyundai Venue vs Rivals