EU Hits China With 5-Year Tariff on Automobile Wheels
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The European Union imposed a five-year tariff on aluminum car wheels from China to help German, French, Italian and other EU producers compete against cheaper imports, threatening cost rises for automakers.
The 22.3 percent duty punishes Chinese exporters including YHI Manufacturing (Shanghai) Co. and Zhejiang Wanfeng Auto Wheel Co. for selling the wheels in the 27-nation EU below cost, a practice known as dumping. Car manufacturers including Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, and Renault SA use the wheels.