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Automakers urge Trump to bar Chinese automakers in U.S.
CNBC • • business
Key Points:
- U.S. automotive industry groups sent a letter to President Donald Trump urging him to maintain or strengthen policies that restrict Chinese automakers from selling, importing, or manufacturing vehicles in the U.S.
- The letter emphasizes the automotive sector's importance to U.S. advanced manufacturing and national defense, warning that allowing Chinese automakers to enter the market could weaken this critical base.
- This appeal comes ahead of Trump's anticipated meeting with Chinese President Xi Jinping and follows Trump's recent statement expressing openness to Chinese automakers building plants in the U.S.
- Industry representatives argue that permitting Chinese manufacturing would harm fair competition and threaten progress in preventing Chinese dominance in key industries, given China's heavy subsidies and global expansion efforts.
- The letter marks a more unified stance from various segments of the U.S. automotive industry compared to previous communications with the administration.
