Ford says no plans to hike China prices despite new tariffs
Updated : July 05, 2018 04:48 PM IST
China, which just days ago cut tariffs on all imported automobiles, plans to slap an additional 25% levy on 545 American products, including US-made cars, should the Trump administration go ahead with plans to implement tariffs on $34 billion of Chinese imports from July 6.
All Lincoln vehicles that Ford sells in China are imported from North America. Last year the brand sold 54,124 vehicles in China, the world's largest auto market, up 66% from 2016.
Ford's imported vehicles have faced unusual delays at customs recently, with officials asking for extra technical checks, Reuters reported in May.