Trump says he would be OK with China building cars in the U.S.

Key Points:

• President Donald Trump expressed openness to Chinese automakers building cars in the U.S., emphasizing the importance of hiring American workers, despite opposition from U.S. lawmakers and car companies.
• Trump opposed Chinese automakers manufacturing cars in Mexico for U.S. sale and denied rumors of plans to allow Chinese vehicles in the U.S. market, calling such claims "total phony rumor."
• Current regulations from the Biden administration effectively ban Chinese automakers from selling or building passenger vehicles in the U.S., alongside tariffs exceeding 100% on Chinese electric vehicles.
• U.S. automakers, represented by the Alliance for Automotive Innovation, are urging Congress to pass legislation by the end of December to permanently bar Chinese vehicles from the U.S. market, citing concerns over subsidized imports with connected technology.
• Trump is scheduled to meet Chinese President Xi Jinping soon, with the issue of Chinese automakers' access to the U.S. market remaining a contentious topic in trade discussions.