China to Levy AD and CV Duties on U.S. Autos on Dec 15
China's Ministry of Commerce said on December 14, 2011 that China will levy anti-dumping (AD) and anti-subsidy (CV) duties on sedans and sport-utility vehicles (SUV) with engines of 2.5 liters and above imported from the United States, after an investigation…
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showed evidence of dumping. Effective December 15, importers of related vehicles from the U.S. will be required to set aside deposits with Chinese customs ranging from 2 percent to 12.9 percent according to the level of dumping and the level of subsidy U.S. carmakers received from their government, the ministry said in a statement on its website. MOFCOM states that the duties will expire on Dec. 14, 2013.