As Trump and Xi Meet, Chinese Automakers Loom Large Over US Auto Industry
US lawmakers and automakers are pushing to maintain restrictions on Chinese vehicles as the two leaders hold talks.
As President Trump meets with Chinese President Xi Jinping, the question of Chinese automakers' access to the US market has emerged as a significant issue shadowing the talks, according to a CNBC report.
US automakers and lawmakers have been pushing to maintain existing restrictions on Chinese vehicles and manufacturers, wary of the competitive threat posed by Chinese automakers' rapid growth in electric vehicle production and technology.
The report frames the dynamic as a potential complication for the US auto industry, which has sought protection from Chinese competition even as trade talks between Washington and Beijing continue on a broader range of economic issues.
No new policy changes regarding Chinese automaker access to the US market were reported to have resulted from the Trump-Xi meeting as of the report.
Sources
- As Trump and Xi meet, Chinese automakers could be a Pandora's box for U.S. auto industry — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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