Industry insiders agree with former President Donald Trump’s suggestion that China is looking to annihilate American auto manufacturing on President Joe Biden’s watch.
Now if I don’t get elected, it’s going to be a bloodbath for the whole, that’s going to be the least of it, it’s going to be a bloodbath for the country; that’s going to be the least of it. if the U.S. does not hit China’s EVs with huge tariffs, the Chinese Communist Party will have “pretty much delomish” the American auto industry.
More alarming, however, are Chinese firms’ heavy spending on plants in Mexico, through which they can access the United States by way of the more favorable tariffs “Impose exclusionary tariffs on all Chinese automobile imports to the United States, including both EVs and internal combustion engine vehicles,” the AAM report lists as one of its “Policy Recommendation.” “This could be accomplished through the existing Section 301 tariffs, imposed in 2018 and currently under review, or by way of launching a new investigation under Section 301 or other U.S. laws.
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