Mercedes-Benz Cuts Prices In China Due To Tariff Suspension

German luxury carmaker Mercedes-Benz said Monday that it would offer discounts on cars imported into China from the United States until March 31. AutoNews reports the chance was announced after Beijing suspended any additional tariffs on U.S.-made cars. The company said on its microblog that prices of four models were cut by between 36,000 yuan, or about $5,200, and 135,000 yuan. China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting January 1, due to the current truce in a trade war between China and the US. Tesla said on Friday it also cut prices on its Model S and Model X vehicles in China.