Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help




Go Back   PeachParts Mercedes-Benz Forum > Regional Forums > Featured Cars

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 05-10-2011, 09:10 AM
Bill Wood's Avatar
Retired Webmaster
 
Join Date: Mar 1999
Location: Johns Creek, GA, USA
Posts: 5,013
Lightbulb China finds that U.S. automakers received unfair subsidies

Filed under: China, Government/Legal, BMW, Chrysler, Ford, GM, Mercedes-Benz



While many in the U.S. think trade between the home team and China is a one-way street, the truth is that exports to The Land of the Great Wall was worth $91.9 billion in 2010 alone. The auto industry makes up $3.4 billion of that total, as automakers have been making vehicles in the U.S. and shipping them overseas.

That sounds like great news for automakers and the blue-collar workforces who build those vehicles, but China's Commerce Ministry says that some of the American vehicles benefited from unfair subsidies. The ministry issued a statement that U.S. automakers that produce sedans and utility vehicles of 2.5 liters and larger "engaged in dumping and were given subsidies." The term "dumping" details an instance where an automaker will "dump" overflow capacity into another country, which in turns hurts that country's local auto industry. China also alleges that the vehicles in question were given subsidies by by the federal government and the state of Michigan. General Motors, Chrysler and U.S.-built BMW and Mercedes-Benz models were among those cited in the statement.

Despite objections from the Ministry, the Customs Tariff Commission of the State Council has decided not to levy a duty against the automakers for their alleged wrongdoing. China's announcement came within days of the annual Strategic and Economic Dialog meeting.Continue reading China finds that U.S. automakers received unfair subsidies

China finds that U.S. automakers received unfair subsidies originally appeared on Autoblog on Tue, 10 May 2011 08:59:00 EST. Please see our terms for use of feeds.



Permalink | Email this | Comments

More...
Autoblog
05-10-2011 09:59 AM
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 10:34 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website -    DMCA Registered Agent Contact Page