Home Page About Us Contribute
LuckyBug LifeStyle
















China Imposes New Tariffs on US Auto Imports

American Government Special Collections Reference Desk

Cars in China

China Imposes New Tariffs on US Auto Imports

VOA Breaking News
December 14, 2011 at 1:10 pm


China says it will impose new taxes on certain U.S.-made vehicle imports, in the latest move to test the strained U.S.-China trade relationship.

China's Commerce Ministry said beginning Thursday it will impose duties from two to 2.5 percent on imported passenger cars and sport utility vehicles with engine capacities of 2.5 liters or more.

In response, a spokesperson for the U.S. Trade Representative told the French news agency that Washington is disappointed in China's decision. He said U.S. officials will discuss the move with Congress and others to determine the best response.

China says it is imposing the tariffs because it found that Chinese automakers experienced major damage because of U.S. vehicle imports it said were dumped into the Chinese market at prices below the cost of production.

The duties will affect vehicles produced by General Motors, Chrysler, Ford, Mercedes-Benz U.S. International, BMW Manufacturing and American Honda Motor.

China and the United States, the world's two largest economies, have been locked in a trade battle over various issues, including Chinese solar panels, American chickens and what Washington sees as the artificially low value of China's currency.

American lawmakers have been increasing their demands for punitive tariffs on Chinese goods if Beijing fails to ease controls that keep its currency undervalued and gives its exporters an unfair trade advantage.

U.S. officials have long accused China of keeping its currency artificially low, a policy that helped send the U.S. trade deficit with China to more than $270 billion in 2010.

China Imposes New Tariffs on US Auto Imports

VOA Breaking News
December 14, 2011 at 8:00 am


China has announced that it will impose new taxes on certain U.S.-made vehicle imports, in the latest move to test the strained U.S.-China trade relationship.

China’s Commerce Ministry said Wednesday that it will impose duties from 2 percent to 2.5 percent on imported passenger cars and sport utility vehicles with engines larger than 2.5 liters.

The ministry said it is imposing the tariffs because it found that Chinese automakers had experienced “substantial damage” because of U.S. vehicle imports it said were dumped into the Chinese market at prices below the cost of production.

The duties will affect vehicles produced by General Motors, Chrysler, Ford, Mercedes-Benz U.S. International, BMW Manufacturing and American Honda Motor.

China and the U.S. – the world’s two largest economies, have been locked in a trade battle over a range of issues, including Chinese solar panels, American chickens and what Washington sees as the artificially low value of the Chinese currency.

American lawmakers have been increasing their demands for punitive tariffs on Chinese goods if Beijing fails to ease controls that keep its currency undervalued and gives its exporters an unfair trade advantage.

U.S. officials have long accused China of keeping its currency artificially low, a policy that helped send the U.S. trade deficit with China to more than $270 billion in 2010.



Connect with The Crittenden Automotive Library

The Crittenden Automotive Library at Google+ The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr  
 
 


The Crittenden Automotive Library

Home Page    About Us    Contribute




By accessing the The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the terms and conditions on our Legal Information:  Disclaimers & Privacy Policy page.

To notify The Crittenden Automotive Library of errors, suggest topics, contribute information, make a comment on a page or to ask a question e-mail us.