China Slaps New Duties on U.S.-Made Cars because it’s Damaging its Domestic Industry!

Another chapter in the tense relationship between the world’s two biggest economies, those of the United States and China, has opened today with the announcement by Chinese authorities of new duties on U.S.-made cars that are imported into the country.

Reuters reported that the Commerce ministry of China said on its website that the measure, which imposes “anti-dumping” and “countervailing” duties on cars with an engine capacity of 2.5-liters and above, is effective tomorrow, December 15, and will last for two years.

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