“The commercial backdoor left open to Chinese auto imports should be shut before it causes mass plant closures and job losses in the US,” the report said. The Chinese embassy in Washington said in response that China’s automobile exports “reflect the high-quality development and strong innovation of China’s manufacturing industry... The leapfrog development of China’s auto industry has provided cost-effective products with high quality to the world.”Read US, EU protectionism against China's auto industry hurts their long-term development: spokespersonThe issue has received new interest after news reports that China’s BYD plans to set up an EV factory in Mexico. In October, Mexico said a Chinese Tesla supplier and a Chinese technology company would invest nearly a billion dollars in the state. A group of lawmakers urged US Trade Representative Katherine Tai to boost the 27.5% tariff on Chinese vehicles.

Source: The Express Tribune February 25, 2024 05:21 UTC