G-21VCE8Y34V

China’s 10% Tariff on US Cars Hits GM, Ford SUVs

Tariff Includes Vehicles With Engines Larger Than 2.5 Liters

The GMC Yukon is powered by an engine of 3 liters or more. (General Motors)

[Stay on top of transportation news: Get TTNews in your inbox.]

China’s 10% additional tariff on vehicles with larger engines imported from the U.S. took effect Feb. 10 as the two countries failed to reach a deal over the Trump administration’s blanket levy on Chinese goods.

The extra tariff went into effect Feb. 10 against goods including vehicles with engines larger than 2.5 liters, according to Chinese state broadcaster CCTV, bringing the total impost to 25%. …

CONTINUE READING THE ARTICLE FROM Transport Topics HERE

Comments are closed, but trackbacks and pingbacks are open.