Friday, December 16, 2011

Summary Box: China slaps duties on US-made cars (AP)

DUTIES DUSTUP: China has imposed duties on imports of some U.S.-made vehicles, claiming damage from foreign automakers due to dumping and subsidies in the latest round of trade friction between the two countries.

VARIOUS VOLLEYS: China and the U.S. are at odds over a slew of trade issues. Beijing also has imposed tariffs on imports of U.S. chicken, among other products, while the U.S. has filed complaints against Chinese tariffs on steel and subsidies for wind power equipment.

HIGHER STICKER PRICES: The ministry's notice named General Motors Co., Chrysler Group Ltd., Mercedes-Benz U.S. International Inc., BMW's factory in Spartanburg, S.C., and Honda of America Manufacturing Co. as among the companies affected.

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/ap/20111214/ap_on_bi_ge/as_china_us_autos_summary_box

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