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 |  Dec 14 2011, 12:00 PM

China has recently become one of the biggest markets in the world. They are buying more new cars than any other nation and just about every brand that wishes to become successful opens up a dealer network in this developing market.

One of the biggest benefactors has been the American auto industry, with marques like Buick selling more cars in China than even the U.S. Now that will likely change.

As a result of trade spats between these two nations, China will impose duties on all U.S. made vehicles as of tomorrow, as stated on their Commerce Ministry website. The duties will range from 2% to 21.5%.

In what the Chinese are calling an “Anti-dumping” act, vehicles made by General Motors will face between 8.9% and 12.9% duties. Vehicles made by Chrysler will range from paying 6.2% to 8.8%, while U.S. built BMW and Mercedes-Benz vehicles will face 2.0% to 2.7% duties.

The Chinese ministry says the U.S. built vehicles had thus far enjoyed subsidies, but they are now causing damage to their domestically produced vehicles. These new duties will stay in effect for two-years, at which point they could be removed or re-instated.

Could this be the start of a new trade war? Very possibly yes.

[Source: Automotive News]

 |  Jul 21 2010, 2:50 PM

Steven Ortiz, a 17 year old California high school student, managed to slide behind the wheel of a Porsche Boxster by bartering various items on Craigslist.

Ortiz started with an old cell phone and wheeled and dealed his way through cell phones, iPods, dirt bikes and a MacBook Pro. Steven eventually managed to trade go from a souped up golf cart and an old Toyota 4Runner to a 1975 Ford Bronco. While Steven used the Bronco as a trade for the Boxster, the Bronco, which is fast becoming a collectors item, might have been the car for Ortiz to stick with. The costs of maintaining a Bronco are lower, it has more room for high school girls his buddies and has a kind of retro cool that the Boxster doesn’t.

On the other hand, is there anything cooler than being in high school and showing up for class in your own Porsche? The best part is that Steven earned the car himself, not from his parents wallet or some crappy menial jobs, but a bit of hustle and 14 smartly executed trades. Hopefully Steven will execute a good 15th trade and dodge the oncoming maintenance and insurance bills.

[Source: Jalopnik]