BREAKING NEWS

China says to hit US auto imports with duties

BEIJING - China's Commerce Ministry said on Wednesday that it would impose anti-subsidy and anti-dumping duties on imports of small US automobiles, the latest in a series of trade spats between the world's two largest economies.
The duties, to affect major US auto makers, including General Motors, Chrysler Group, Ford Motor Company and US-based foreign automakers, will begin from Thursday and last two years, a statement on the ministry website said.
The amounts of the duties would range from 2.0 percent to 21.5 percent.
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