Porsche and Jaguar May Find Life Easier in China as Parallel Import Rules Planned — Panjiva
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Porsche and Jaguar May Find Life Easier in China as Parallel Import Rules Planned

China 1760 Cons. Discr. - Autos 661 European Union 406 Germany 162 Tariffs 1170 U.S. 3301 United Kingdom 194

China’s State Council will enable “parallel imports” of autos at newly established free trade zones allowing unofficial distributors to increase their imports of vehicles. That’s come as China’s car import business contracted by 3.8% year over year in the three months to Oct. 31 vs. a 13.1% surge to $50.2 billion in the full year 2017. Part of that slowdown is due to 25% tariffs applied to U.S. imports, which accounted for 25.7% of imports in 2017 led by BMW ($3.7 billion), Daimler, Ford and Tesla. The Chinese government is trying to promote increased import...

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