China plans to impose duties on vehicles imported from the U.S., according to an announcement...

|By:, SA News Editor

China plans to impose duties on vehicles imported from the U.S., according to an announcement from its commerce ministry. GM faces duties - tagged as anti-dumping and countervailing charges - of 12.9%, while Chrysler (FIATY.PK) imports will get hit with a 8.8% rate. The U.S. units of Daimler (DDAIF.PK) and BMW (BAMXY.PK) came off with lighter duties of 2.7% and 2%, respectively.