China-US Trade War: US Auto Sector Braces for China Tariff Fallout as EV Rivals Surge
Beijing’s incentive measures aim to promote domestic consumption, China as a major market for American vehicle manufacturers, especially if the US enters a recession. The US Auto Sector contributes 3-5% to the US GDP and directly or indirectly employs about 5 million workers. On 9 March, the Coby letter exposed the dark clouds for the…