China’s automakers could be among the surprising beneficiaries of United States President Donald Trump’s trade war as a 25 percent tariff on imported vehicles and auto parts takes effect on Thursday, analysts say.
The White House has argued the tariff is necessary to protect the US auto industry and strengthen the country’s industrial base and supply chains.
The US last year imported $475bn worth of auto parts, engines and vehicles, according to the Bureau of Economic Analysis,…
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News Source: www.aljazeera.com
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