Wednesday, March 05, 2025 | 12:32 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US-China trade war: Trump has a giant wrench for Beijing's auto gears

Sales to US and other overseas car companies are a growing revenue stream for Chinese component suppliers

tariffs
Premium

Photo: Shutterstock

Anjani Trivedi | Bloomberg
To understand the untapped potential – as well as the dangers – of Donald Trump’s trade war with China, look at auto parts.

It’s a huge business, worth almost $400 billion globally. China exports more than $70 billion of car parts and accessories every year, about a fifth of which goes to the US. Hundreds of Chinese components, from door handles to steering systems, are embedded throughout American-made cars.
 
For a US administration looking to exert pressure through tariffs, that might seem like a good place to start. Yet the sector is almost absent from the latest list of tariffs levied

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in