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.)