China increased the tax on car imports in the United States
Thursday, 15 December 01 2011 39 GMT First published Thursday, December 15 01 39 2011 GMT.
The tension between America and China on international trade escalated Wednesday when Beijing imposed additional duties on cars imported from the United States.
The Ministry of Commerce has accused the US auto industry of dumping and subsidization, causing substantial damage to the domestic auto industry in China Thursday, levies are charged on larger engined cars from several manufacturers, some are of European companies with plants in the United States.
General Motors faces the greatest impact, almost 22 extra on some SUVs SUVs and other cars with more than 2 5 liter engined Chrysler faces a penalty of 15 while a sample 2 will be imposed on BMW whose US plants make many cars it exports to China.
Existing taxes and duties already push the cost of US imports of 25, and new levies make it even more expensive for Chinese consumers to buy US The move was quickly attacked the US Carl Levin, Democratic senator for Michigan, which includes the city of Detroit engine, called an unjustified attempt to circumvent the laws on international trade instead of stop its illegal business practices, China chooses to take further unauthorized by the rules of world trade measures, said the livelihoods of American families and integrity of world trade law are at stake.
GM says that withdrawals will have little immediate impact because it mainly exports lower electric cars to China analysts, however, said the decision underscored the determination of China to protect its car industry.
The move shows that China is still capable of intervening politically in its markets, Juergen Pieper of Bankhaus Metzler, the German investment bank, told Bloomberg Georges Dieng, a Paris-based analyst with Natixis Securities, said the samples were set to inflict pain on the Americans above all shares of General Motors fell more than 3, while BMW shares slipped 5.
Earlier this month, the International Trade Commission of the United States ruled against solar-industry of China after anti-dumping and anti-subsidy investigation Last week, the United States pledged to take action antidumping China against imports of US poultry to the World trade Organization.
Debbie Stabenow, the junior senator from Michigan, urged the US government to take samples automobiles from China to the WTO and China breaks relentless rules of international trade, and seeks an anticompetitive advantage over our businesses and workers America must be relentless in the fight against the back, she said.
China imposes tariff on US car imports Business The Guardian, China, imports, Thursday, December 2011.