CHINA RESPONDS FAST TO USA TARIFFS – HITTING AMERICAN AUTO SECTOR WITH RETALIATORY DUTIES
June 1st, 2018
CHINA has retaliated swiftly to the USA’s imposition of 25% duties on Chinese automotive exports, announcing matching 25% retaliatory duties the following day (June 16) on a wide range of American exports of cars, SUVs and off-road vehicles, including hybrids and electric autos. The Customs Tariff Commission of the State Council of China has also announced duties will be imposed on US-made trucks weighing more than 5 tonnes and gearboxes. The extent of this trade is vast, with the USA exporting USD10.6 billion’s worth of cars and SUVs to China in 2017, with ...
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