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Trump scraps 100% China tariff plan, adds duties on heavy vehicles
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US cancels broad China tariff but adds duties on heavy vehicles from Nov 1.
President Trump confirmed the US will not impose the planned 100 % tariff on Chinese imports set for November, easing global trade concerns. Instead, new tariffs of 25 % on heavy trucks and 10 % on buses will start November 1. Auto and manufacturing stocks reacted mixed to the announcement.