automotive
Trade Disputes, U.S. Car Taxable China Anti-Dumping
Starting today U.S. automaker as an enemy in mainland China after the rule of anti-dumping and anti-subsidy Ministry of Trade established the Bamboo Curtain country to the vehicle from the United States over the next 2 years.
This is in accordance with domestic laws and rules of the World Trade Organization (WTO) rules to protect the interests of domestic industries under international trade rules.
As quoted from the pages of the Chinese Communist Party’s newspaper, People’s Daily, Beijing starting today until December 14, 2013 imposed a tax on cars and racing vehicles tools made in the U.S. with engine capacity of more than 2.500cc.
“Vehicle Americans have made subsidies and dumping in China market and substantially undermine China’s auto industry,” wrote an official statement of the Ministry of Commerce of China.
Two vehicles that are determined to Uncle Sam twitch with these rules are General Motors and Chrysler. Without any additional tax, China has implemented a tax rate to 25% on imports of passenger vehicles. › Continue reading