Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.