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By following WTO regulations, starting in 2006, the import tariffs on complete vehicles in China were lowered from the previous 30% to 28%. In 2010, they were further reduced to 25%. Tariffs on automotive components like transmissions, shock absorbers, radiators, clutches, and steering units decreased from 13.5% to 12.9% and eventually to 10%. [53]
Chinese used vehicle exporting is a grey market international trade involving the export of used cars and other vehicles from China to other markets around the world. With 300 million cars in China, Chinese vehicles are now entering the used vehicle market overseas to boost demand for the domestic market. [1]
An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. [1] Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy (protectionism).
This article appears in the February/March 2025 issue of Fortune with the headline "Trump’s first trade war caused U.S. firms to flee China. Now comes round 2." Now comes round 2." This story ...
Foreign-made vehicles imported into the U.S., whether new or used, for personal use or for sale, are subject to duty at 2.5% for cars, 25% for trucks and 2.4% (or free) for motorcycles, per U.S ...
Brazil will end a tax exemption for importing electric vehicles, gradually raising the duty to 35% over three years, Industry Ministry official Uallace Moreira told Reuters on Friday. Brazil-based ...
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank.. This is a list of countries by tariff rate.The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
China 4,432 2 Turkey 2,318 3 Japan 2,299 4 Poland 1,605 5 Czech Republic 1,024 Motor cars and other motor vehicles principally designed for the transport of 10 or fewer persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) (8703) 958,738 1 Germany 177,225 2 Japan 110,937 3 China 77,659 4 South Korea