China imposes duties on some vehicles imported from the U.S.
December 21, 2011 Category Automotive, Automotive Metals & Minerals
The Ministry of Commerce (MOFCOM) said in a statement last week that China will place anti-dumping and anti-subsidy duties on some vehicles imported from the United States with engines larger than 2.5 liters, starting from December 15 and lasting two years. Affected automakers include General Motors, Chrysler, BMW, Mercedes-Benz and Honda. GM and Chrysler face anti-dumping duties of 8.9% and 8.8% as well as anti-subsidy duties of 12.9% and 6.2%. The U.S. units of BMW and Mercedes-Benz will be imposed anti-dumping duties of 2% and 2.7%. Honda’s U.S. operations will also be subject to a 4.1% tariff. The levies will also be imposed on other carmakers that the Ministry didn’t specify in the statement.
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