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U.S. Wins WTO Case over China Duties on Imported Vehicles
The World Trade Organization has ruled that China wrongly levied import duties on General Motors and Chrysler cars and SUVs between 2011 and the end of 2013.
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The World Trade Organization has ruled that China wrongly levied import duties on General Motors and Chrysler cars and SUVs between 2011 and the end of 2013.
The U.S. filed a complaint with the WTO in 2012 arguing that China's tariffs, which ran as high as 21.5%, were imposed without a WTO-required documentation of the harm and explanation of how the taxes were calculated.
Beijing had claimed that bankruptcy aid from the U.S. government illegally allowed GM and Chrysler to "dump" vehicles in China at prices below market cost. The U.S. denied the claim.
Bloomberg News cites U.S. trade office figures that estimate the U.S. vehicles subject to the tariffs in 2013 represented a value of $5.1 billion.
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