// IP Marketing video - START// IP Marketing video - END

U.S. wins WTO ruling against China in luxury car tariffs dispute

U.S. wins WTO ruling against China in luxury car tariffs dispute

PanARMENIAN.Net - The U.S. has won a World Trade Organization (WTO) ruling against China in a dispute over tariffs on U.S. luxury cars.

A WTO panel found no basis for duties that China imposed between 2011 and 2013. The U.S. described it as a "significant victory".

China began tariffs on saloons and off-road vehicles with an engine capacity of 2.5 liters or more in retaliation for U.S. trade policies.

China argued when it introduced the charges that U.S. carmakers, such as General Motors and Chrysler, had received government subsidies and flooded the Chinese market with the cars, which harmed China's own car industry.

The U.S. said China had imposed the duties without following the rules and filed the case with the WTO. The rate was as high as 21.5%.

U.S. Trade Representative Michael Froman said $5bn of exports in 2013 had been taxed. "The message is clear. China must follow the rules, just like other WTO members," he said.

U.S. vehicle exports to China were worth $8.6bn in 2013, 48% more than a year earlier. It is the largest foreign market for U.S. automakers after Canada.

 Top stories
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
Partner news