Auto workers in the US hoping President Donald Trump’s tougher approach to China will help create jobs at home and cut the trade deficit by $100 billion may be in for a huge disappointment.
General Motors Co and Ford Motor Co. are among companies that already make cars in China with domestic partners for the local buyer, not only to avoid the 25 per cent import duty but also to take advantage of lower costs. GM’s partners in China include SAIC Motor Corp., while Ford has tied up with Changan Automobile Group and holds a stake in Jiangling Motors
General Motors Co and Ford Motor Co. are among companies that already make cars in China with domestic partners for the local buyer, not only to avoid the 25 per cent import duty but also to take advantage of lower costs. GM’s partners in China include SAIC Motor Corp., while Ford has tied up with Changan Automobile Group and holds a stake in Jiangling Motors