China to levy anti-dumping, anti-subsidy duties on US auto imports
2011-12-15 0:00:00Author： adminFont Size：Big Medium Small
BEIJING, Dec. 14 (Xinhua) -- The Ministry of Commerce said Wednesday that China will levy anti-dumping and anti-subsidy duties on sedans and sport-utility vehicles (SUV) with engines of 2.5 liters and above imported from the United States, after an investigation showed evidence of dumping.
Effective Thursday, importers of related vehicles from the U.S. will be required to set aside deposits with Chinese customs ranging from 2 percent to 12.9 percent according to the level of dumping and the level of subsidy U.S. carmakers received from their government, the ministry said in a statement on its website.
U.S. carmakers, including General Motors and Chrysler Group, have received government subsidies and dumped their vehicles into the Chinese market, which has harmed China's auto industry, the statement said.
The duties will expire on Dec. 14, 2013. Enditem
Xinhua
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