China to levy anti-dumping duty on US auto imports
Updated: 2011-12-14 20:26
BEIJING - 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 US 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 US carmakers received from their government, the ministry said in a statement on its website.
US 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 December 14, 2013.