China is to impose extra duties on cars imported from the United States in a move bound to ratchet up tension between Washington and Beijing.
General Motors, Chrysler and BMW will all be affected. China says its own domestic car industry is being damaged by subsidised US exports.
The tariffs, ranging from two percent to 22 percent, are unlikely to inflict much pain on American carmakers, who generally only import a small fraction of what they sell in China.
But by hitting a powerful industry that has benefited from a US government bailout, China can signal a tough stance in the face of rising pressure over its trade practices while at the same time pressuring American companies into lobbying on its behalf.
China’s move comes as the United States — increasingly frustrated with a mammoth trade deficit and what it calls unfair treatment of US companies in China — changes its own tactics.
Instead of focusing on dumping of cheap Chinese-made goods, it is building a case that China’s support for state-owned firms — from discounted land and electricity prices to loans that can be perpetually rolled — violates World Trade Organisation rules.
Copyright © 2014 euronewsMore about:
- 1Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 2Police search for possible suspects following attack on Canada’s parliament
- 3Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 4Intruder sparks lockdown at the White House
- 5Another battle for Ukraine as winter approaches amid gas row
- 1Revealed: Europe’s capital cities where it’s hardest to be a foreigner
- 2Canada raises its terror threat following attack on soldiers
- 3Ottawa fatal shooting: Police admit they were ‘caught by surprise’
- 4Another battle for Ukraine as winter approaches amid gas row
- 5‘Criminal negligence’ blamed for death of Total boss Christophe de Margerie
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Sweden becomes first European nation to recognise Palestine | euronews, world news
- 7Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 8How nasheeds became the soundtrack of jihad | euronews, world news
- 9International tv news | euronews: European and International tv news bulletin
- 10Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 11European Union News | euronews: latest breaking news and headlines about European Union
- 12Emma Watson threatened with naked photos leak after UN equality speech | euronews, world news
- 13Iceland volcano ‘pollutes Paris’ | euronews, world news
- 14Ebola: Six new suspected cases in Spain | euronews, world news
- 15Learning through “serious games” | euronews, learning world
- 16euronews speaks to Ban Ki-moon ahead of key UN and climate change talks | euronews, the global conversation
- 17All you need to know about the Ebola virus | euronews, world news
- 18US delivers technical aid to Ukraine but warns over security | euronews, world news
- 19euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 20Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
Wires > News
- 13:30 CET Unilever promises more cheap goods, cost cuts to tackle slowdown
- 13:16 CET Old Mutual, Henderson to merge two property funds
- 13:06 CET Old Mutual, Henderson to merge two property funds
- 12:57 CET Upbeat business surveys encourage investors out of Bund refuge
- 12:52 CET Whistl loses challenge to Royal Mail’s tax exemption
- 12:46 CET Factory export orders drop at fastest pace since Jan 2013 – CBI
- 12:44 CET Rio Tinto extends CEO Walsh’s tenure as predator looms
- 12:32 CET Factory export orders drop at fastest pace since Jan 2013-CBI