China will introduce anti-dumping duties on European cars
According to French daily Les Echos on Friday, China is considering imposing import duties on the European Premium-class cars.
Reuters reported that trade relations between European Union and China got complicated – China opened an anti-dumping and anti-subsidy inquiry this week into sales of European wine after the European Union imposed anti-dumping duties on Chinese solar panels.
According to Automotive News Europe, the reasons for considering the imposition of import duties are complaints to European cars with an engine capacity more than two liters received to Department of Commerce of China. If any measures are adopted, they will primarily affect to the German manufacturers of premium cars such as BMW, Audi and Mercedes-Benz. Thus, Mercedes-Benz S-Class models, BMW 6 and 7-series and Audi, imported from Europe will be tariffed.
In this regard, the duties will particularly negative impact to Mercedes-Benz, because about 55% of the German company’s cars sold in the local market are imported to China from Germany. BMW sells 50% of vehicles, VW - 15%. According to the European Automobile Manufacturers’ Association (ACEA), the anti-dumping duties may be imposed on the production of the European automobile industry from September this year.
We remind that in March, the Chinese state television showed a program about complaints of the premium German cars owners - BMW, Audi and Daimler. The TV news asserted that these companies used sound insulation materials, which exhaled dangerous substance to the drivers’ health.
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