“U.S. vehicles benefiting from subsidies and dumping on the China market have substantially damaged China’s auto industry.”-statement from Chinese Ministry of Commerce
General Motors and Chrysler will suffer the most from Chinese economic action against vehicles made in the United States.
Anti-dumping duties on GM vehicles are 8.9%, and 8.8% for Chrysler vehicles.
GM vehicles will also face anti-subsidy duties of 12.9%, and 6.2% for Chrysler vehicles.
The tariffs target cars with engines bigger than 2.5 liters, and made between December 201 through December 2013.
German car makers BMW and Mercedes will be hit with much much lower tariffs.
Chinese officials say the United States is violating the trade rules of the U.S. dominated World Trade Organization.
GM and Chrysler officials are not to worried. Why? Because the majority of the cars they sell in China, are actually made in China (another reason for growing unemployment in the U.S.), and the tariffs do not apply to the cars they make in China.