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...Does Donald Trump really want to be responsible for the downfall of the US auto industry?...
...For autos, the foreign and domestic manufacturers get about two-thirds of the consumer price....
...AP: Trying to achieve self-sufficiency in any major industry that isn’t a simple extractive one like a mine is self-defeating. The reason is the value of diversification....
...He compares it to “the wave of Japanese imports that happened in the 1980s and 90s. I think we will see something similar with the Chinese car companies.”...
...of Beijing-based Sino Auto Insights....
...Chinese auto exports to the US have been hit as a result, though the pandemic has led to US car imports from other countries slumping even more....
...We ended up selling more WD40 than Halfords [a large retailer for auto parts].” Initially, customers were in lower income groups and there was a certain stigma to shopping at a discounter....
...However, the paper highlights one sliver of good news for the Trump administration — imports from the US covered by the phase-one deal did rise at a faster pace than those from the rest of the world....
...Mr Trump’s phase 1 deal has increased Chinese imports of US energy, but they are way behind target — and he could still scrap it before the election in a show of force....
...As businesses strain every sinew to survive the coronavirus crisis, Mohsin Meghji has a simple message: the first battle is about attitude....
...And, just as the taxonomy was rolled out, political troubles emerged with the Brussels plan for a carbon border tax on imports....
...Anyway, the import of the upgrade was the introduction of three suggested replies to any email that might demand a response. I suppose this is the consequence of message apps....
...The Chinese government also promised to cut tariffs on US auto imports to 15 per cent, after raising these from 25 to 40 per cent earlier this year. “Very productive conversations going on with China!”...
...And on Monday the US president suggested on Twitter that China had agreed to lower tariffs on auto imports....
...Google executives say these different auto-suggestion patterns arose because the company has a policy of removing offensive auto-predictions....
...Brussels and Washington are now working towards a deal on goods tariffs excluding agriculture and autos....
...Mr Trump’s stated rationale is simple. For too long low US tariffs (2.5 per cent on passenger vehicles) have been exploited by other countries who charge far higher duties on US auto imports....
...There is a reason that countries for decades have avoided the simple zero-tariff formula. Every economy has its protectionists and political constituencies. Just ask the US sugar industry....
...Now imagine the economic effects if the US makes good on separate threats to raise tariffs on over $180bn of auto sector imports and a further $200bn of imports from China....
...Even relatively simple products that do not need to be physically examined, such as auto parts, could be delayed at the border by an additional 4.5 hours, the report said....
...Why would we import them?’ It’s kind of simple.” The US approach to China has been a little more nuanced....
...The message was simple: Remove those trade barriers of yours that I don’t like (Hello EU auto tariffs! Hi there Canadian dairy farmers!)...
...The US administration in May announced an investigation into whether car imports pose a national security risk — a probe that is being eyed warily in Germany and elsewhere, as auto tariffs pose a much larger...
...President Donald Trump has ordered his administration to draft plans for tariffs on a further $200bn in Chinese imports if Beijing does not abandon its intention to retaliate against US duties on imports...
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