Skip to comments.China Imposes Tariff on US Car Imports (Obama Motors Gov-Subsidized Cars!)
Posted on 12/15/2011 10:35:05 AM PST by tcrlaf
China imposes tariff on US car imports
Additional duties will be charged on larger-engined American cars with General Motors, Chrysler and BMW all affected.
GMC trucks at a General Motors dealership in Los Angeles China is to charge import tariffs on US cars such as these General Motors SUVs. Photograph: Lucy Nicholson/Reuters
The tension between America and China over international trade escalated on Wednesday when Beijing imposed additional duties on cars imported from the United States.
China's commerce ministry accused America's car industry of "dumping and subsidising", thereby causing substantial damage to China's domestic car industry. From Thursday, levies will be charged on larger-engined cars from several manufacturers, some being European firms with factories in the US.
General Motors faces the greatest impact, almost 22% extra on some sports utility vehicles (SUVs) and other cars with engine capacities above 2.5 litres. Chrysler faces a 15% penalty, while a 2% levy will be imposed on BMW, whose US plants make many of the cars it exports to China.
(Excerpt) Read more at guardian.co.uk ...
China is imposing Trade Tariffs on US-made Government Subsized cars.
Frankly, I'm not surprised by this. It's been common knowledge that Obama Motors (GM) has been "Stuffing The Pipe" to it's dealers for some time, over-producing to keep Obama Economic numbers up.
As of Dec. 1, they had 626,000 cars in dealer inventory, something like a 70 day supply.
Pretty soon Obama will mandate dealers will need to accept EBT cards. Buy your govt car with govt welfare money.
“dumping and subsidising”
What’s good for the eagle is good for the Peking duck.
The United States Constitution, Article I, Section 8:
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;...To regulate Commerce with foreign Nations,...”
The Tariff Act of 1789 was the first national source of revenue for the newly formed United States.
Wait till Trump hears about this.
Los Angeles China? First it was Berkley going communist, now this....
I favor putting full fledged tariffs on the Chinese while we still have a consumer market that is strong enough to leverage.
We’ve had decades of incompetent leadership in Congress that has allowed our world market position as a strong consumer to be frittered away to the destruction of the USA economy. Fifty percent in the USA no longer pay taxes because the US factory jobs that paid sufficient taxes and kept our deficits down are now in Asia and Mexico.
The Chinese Commies were our enemy until the Wall Street investment bankers decided they could profit from them by building up their economy at our expense. There was an economic war and we lost. To that end we need to blame those who we elect and pay to establish policies that keep the USA strong.
Along with the Jekyll Island secret meeting that resulted in creation of the Federal Reserve in 1913, we were given the income tax amendment(of questionable ratification) and the growth in national debt that resulted in massive interest to the bankers.
The tariffs that we had in place to encourage foreign manufacturers to move to the USA for access to our market, and citizens to purchase of made in USA products. Removal of tariffs led to the biggest USA boondoggle of all “Free one way Trade” and the WTO that sacrifices our sovereignty. It was done to make Wall St rich and America less secure and poorer.
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