China Adds More Tariffs to Autos Imported from the U.S.

#Chrysler

China is set to add additional tariffs to U.S.-built vehicles with engines larger than 2.5 liters. The country says the anti-subsidy and anti-dumping duties will be applied to vehicles built by European and Japanese nameplates in the U.S. as well as automakers based in Detroit

Duties will range from two to 21.5 percent. The new duties are in addition to the-25 percent tariffs already imposed on all imported vehicles. GM faces duties from 8.9 to 12.9 percent; Chrysler will see duties between 6.2 percent and 8.8 percent. Duties levied on U.S. .-built BMW and Mercedes-Benz vehicles will be two percent and 2.7 percent, respectively.

The statement from the Chinese ministry said that “substantial damage to China’s domestic industry” had been caused by subsidies benefiting U.S.-built vehicles. The new duties are the latest in a series of on-going “tit-for-tat” trade probes during recent months.

Twelve trade cases have been filed against China by the U.S. since China joined the WTO 10 years ago. Five since Barack Obama became president. Most cases involve protectionism and China’s state support of strategic industries. Last month, China’s Commerce Minister, Chen Deming, said the country would likely fight back if other countries resort to trade protectionism, according to Automotive News.

Source: Bloomberg, Automotive News (subscription required)

Chris
....and I am not been an Antagonist.... I just have FREEDOM!!!
Chris
Agree with you SlickCadillac... Darn Chinese Junks have cluttered our country for the past 20+ years and the only thank you we get is... a Greedy self righteous slap in the face. We NEED to tariff every single junk they bring into our country. We are only making them richer and they making us poorer... We need to fight our economy war to the teeth and protect our hard earned technologies and industry. Heck we should even Tax heart cluttering MSG chinese food here in the US for just been labeled Chinese!!!!!
SlickCadillac
Makes you wonder why we even bother exporting any autos to them in the first place. First they want to put huge taxes on it and then steal the technology we bring in, not to mention that businesses have to partner with Chinese firms to get in. We should put a tariff on every piece of junk merchandise they import into the country, its only fair.

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