US auto manufacturer General Motors will halt vehicle exports to China from the US amid "significant changes to economic conditions," Reuters reported Monday.
The decision followed a similar move by Ford Motors in April, according to the report.
US exports to China faced more than 100% tariffs before the two countries agreed to a 90-day truce on the levies, Reuters wrote.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.