China has officially kicked off anti-dumping and anti-subsidy investigations into automobile imports from the US, the nation’s top trade official confirmed. The move is a significant and timely decision to show the country’s clout on the global economic stage, analysts and officials said separately.
Commerce Minister Chen Deming said that his ministry was carrying out a probe on some vehicle imports from the US, based on requests from Chinese automakers.
The investigations, first proposed last September to challenge the Obama administration’s plan to impose a 35 percent tariff on imported tires from China valued at around USD1.8 billion, could lead to new duties on vehicle imports.
(Source: China Business Philippines)