China will slash import tariffs for automobiles and auto components by a substantial margin starting July 1st.

The import tariff rate will be cut to 15 percent for automobiles, including 135 tax IDs with a 25 percent previous rate and four tax IDs with a 20 percent rate. Also, components connected to 79 tax IDs with previous rates at 8 percent, 10 percent, 15 percent, 20 percent and 25 percent will be lowered to 6 percent.

In 2017, China imported 1.22 million vehicles, some 4.2 percent of total sales in the country. Most of the imports were from the United States, Germany, Japan and the United Kingdom.

All the imported vehicles need a huge aftermarket to support the a large number of chinese consumers. As the biggest professional trade fair of southern China, Auto Aftermarket Guangzhou(AAG) will be one of the best channel to join in China market, we are waiting for your participation in Poly World Trade Center, Guangzhou on Sept. 3rd to 5th.