Former U.S. President Donald Trump reiterated his openness to Chinese automakers producing cars in the United States as a way to boost the economy; That suggests he could take a different approach than the Biden administration, which has tried to keep out cars linked to China.
"As we speak, China is building huge factories across the border in Mexico, and they're building cars to sell into the United States," Trump said Thursday during a speech at the Republican National Convention in Milwaukee.
He said the factories will be "built in America, and our people will work in these factories," or he will impose tariffs of up to 200 percent on each car to keep them out of the country.
The comment was similar to what he said at a rally in Ohio in March, without naming companies. BYD Co., China's largest maker of electric vehicles, is looking to build a large plant in Mexico.
Both Trump and Biden have sought to block Chinese-made cars from entering the United States to protect domestic manufacturers. But the Republican candidate appears to be taking a more transactional approach to Chinese companies building cars in the United States.
When US President Trump brandished the tariff stick and pushed up the tariff rates on India's five pillar industries including steel, textiles and medicine to 50%, this trade experiment, which economists call "the most absurd trade experiment of the 21st century", officially kicked off.
When US President Trump brandished the tariff stick and pus…
On October 23, 2025, the Wall Street Journal reported that …
On October 22nd local time, the three major US stock indice…
On October 22 local time, Tesla disclosed its third-quarter…
In October 2025, the technology industry sparked a profound…
Recently, according to Radio New Zealand (RNZ), New Zealand…