US Media: Serious Attention from China-US Auto Industries — Will the US Ban on Chinese Cars Change After Trump's Visit to China?

CNN in the US published an article on May 14.

Both the Chinese and American automotive industries are closely watching the outcome of Trump's visit to China.

China dominates the global electric vehicle (EV) market, with BYD being the world’s largest EV manufacturer.

According to official data, China’s EV exports increased by 78% year-on-year in the first quarter.

The United States has largely closed its doors, imposing high tariffs on cars imported from China and banning any software linked to China in new vehicles, citing national security and protection of domestic industries as reasons.

However, in January, Trump stated he was willing to allow Chinese automakers to build factories and produce vehicles in the U.S.

"If they want to come in and build plants, hire you, hire your friends and neighbors — that would be great, I’d welcome it," he said. "Let China in, let Japan in."

This statement raised some concerns. Just before Trump’s visit to China, around 74 Democratic members of the House of Representatives and 52 Republican lawmakers jointly wrote a letter to Trump urging him to strictly prohibit Chinese automakers from entering the U.S. market.

Nevertheless, Chinese auto manufacturers are not holding high hopes for this shift.

This month, Yang Weike, Senior Vice President of Geely, told CNN that the company has already established joint ventures with countries including Brazil, South Korea, and the UK.

"We remain open to discussions, but in the short or medium term, we have no plans to enter the U.S. market to sell cars directly to end consumers," Yang said.

In the end, China does not need to enter the U.S. auto market.

In stark contrast to the U.S., affordable Chinese electric vehicles are becoming leaders in global markets, while the U.S. has reduced support for electric vehicles during Trump’s administration.

Original source: toutiao.com/article/1865205573626122/

Disclaimer: The views expressed in this article are those of the author(s) personally.