US-China trade deal likely; carmakers can avoid tariffs with U.S. plants

• U.S. President Donald Trump noted that trade negotiations with China were progressing and a final agreement "will probably happen," adding that his call for tariffs to remain on Chinese imported good for some time did not mean talks were in trouble.
• He expected to keep a 25% tariff on European light trucks amid separate on-going trade talks with the European Union, but that company could avoid it by building factories in the United States.
• The Trump administration is engaged in on-going trade talks with both the European Union and China as part of the President's "America First" agenda. Top U.S. officials are headed to Beijing in coming days amid a possible Trump summit with Chinese President Xi Jinping to seal any final deal.

(Source: Investing.com)