China loses WTO car parts case against US

GENEVA: The World Trade Organisation yesterday said it had ruled against China in a complaint brought by the US over Chinese import tariffs on car parts.

The WTO’s dispute settlement panel urged China to bring what it termed

“inconsistent measures ... into conformity with its obligations.”

Beijing has a minimum local content requirement of 60 per cent for home produced cars. If this level is exceeded, it then levies the same tariff on the vehicle as it would if it were imported completely built. - AFP