China’s Carmakers Have a Strong Home Front in This War

Donald Trump is trying to take on the single most globalized industry — and China. But the world’s largest car market won’t budge.

Beijing reduced duties on autos July 1, just before the imposition Friday of U.S. tariffs on $34 billion of Chinese goods. China’s carmakers, like its consumers, are the least vulnerable to external forces compared with counterparts elsewhere. The tariffs with which Trump is intimidating the auto industry will, on the other hand, wipe out a swath of bottom lines, burn a hole in every American car buyer’s pocket and trigger widespread job losses.

Head In Ass Supporter Comments on July 7, 2018 in Politics.
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