Cars
Real Steel: U.S. Slaps Duties on Steel Wheels Imported from China
It seems that the U.S. administration has finally decided to respond to similar measures taken by China, such as imposing extra duties on U.S. made cars. Another episode of the trade war between the United States and China aired yesterday after the U.S. Commerce Department announced that it has set new duties on steel wheels imported from China.
The Department said that Chinese manufacturers, who last year exported over US$84.2 million worth of steel wheels in the U.S., are selling them 44.96 to 193.45 percent (!) "below fair value".
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Gm Not Worried About China’s Latest Measures Against Foreign Automakers
As we reported earlier this week, in a second move this month after imposing new duties on U.S.-made cars, China’s National Development and Reform Commission and its Commerce Ministry announced that they are putting an end to investment incentives,...
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China To Withdraw Support For Foreign Investments In The Auto Industry In 2012
The new year will bring some significant changes for carmakers that had plans to invest in China as the world's most populous country will stop encouraging foreign investment in the auto industry putting an end to seven years of benefits that included...
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Will China’s New Tariffs Really Harm Foreign Manufacturers Like Gm?
Yesterday, the Chinese Ministry of Commerce announced that a new tax is imposed on U.S.-made vehicles with a motor capacity of 2.5-liters and above, effective today, December 15. The so-called “anti-dumping†duties imposed not just on U.S....
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Audi Sells One Millionth Vehicle In China After 22yrs, Plans To Reach The Next Million Within 3yrs
Audi reached a new milestone on Wednesday with the sale of its one millionth vehicle in China. The car was a metallic blue Q5 crossover, which was handed over to a customer from Changchun. The German company said of the 1 million cars delivered to Chinese...
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China ‘outwits’ The Wto By Raising Taxes On Large Displacement Engines
For a while now, the US, Canada and the European Union have been fighting China over Beijing’s unfair tax treatment for imported foreign car parts. According to the Chinese law, imported new cars are subject to a 25% tariff while foreign parts...
Cars