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China Won't Change Auto-Parts Tariffs Any Time Soon

China Won't Change Auto-Parts Tariffs Any Time Soon

Friday, March 17, 2006
 
China has no immediate plans to remove or change the high tariffs it places on auto-parts imports, despite U.S. claims they represent unfair competition, according to an official at China's top economic planning agency. China began levying higher tariffs on some imported automotive parts imports on April 1. China classifies some imported parts as complete vehicles and charges a tariff of up to 30 percent on them. That compares with a much lower tariff—13 to 17 percent--for other imported auto parts. Beginning July 1, 2006, the higher tariff will extend to any imported automotive parts valued at 60 percent or more of the total price of the complete vehicle.

 

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