China slaps duties on vehicles imported from the U.S.
The taxes are being imposed specifically on cars with engine capacities of over 2.5 liters and made in the United States, which may principally boil down to the Detroit Three, but also affects foreign automakers that manufacture in the U.S. As a result, General Motors (for example) would face anti-dumping and countervailing duties between 8.9 and 12.9 percent, while BMW and Mercedes-Benz would be looking at around two percent.
The move by the Chinese Commerce Ministry is the latest in a series of trade disputes that seek to erect barriers to an otherwise opening economy, and one of the world's largest developing markets.
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