China says to hit U.S. auto imports with duties (Reuters)

BEIJING (Reuters) ? China's Commerce Ministry said on Wednesday that it would impose anti-subsidy and anti-dumping duties on imports of small U.S. automobiles, the latest in a series of trade spats between the world's two largest economies.

The duties, to affect major U.S. auto makers, including General Motors, Chrysler Group, Ford Motor Company and U.S.-based foreign automakers, will begin from Thursday and last two years, a statement on the ministry website (www.mofcom.gov.cn) said.

The amounts of the duties would range from 2.0 percent to 21.5 percent.

(Reporting by Wang Lan and Michael Martina; Editing by Ken Wills)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20111214/bs_nm/us_china_us_trade

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