Chinese auto tariff concessions? U.S.-based auto industry can benefit
TimeThe Tesla Model S is 1 car which would benefit if China raises tariffs on imported cars. (picture: Tesla)Symptoms which China plans to reduce tariffs on imported cars to avoid a possibility trade war by the U.S. can help bolster the U.S.-based auto industry. Xi's comments follow a back-&-forth escalation of tariff menaces by President Donald trump, who has bashed Chinese trade policy as unfair. Lowering the Chinese tariff would let automakers to purvey further foreign-made cars in the world's largest car market. GM, Ford & other automakers have indeed established joint ventures by Chinese automakers to manufacture cars there, as required by law.
the method technology & driving habits are causing a churn in the auto industry
As it stated in From being ranked 4th in 2016 discounts map, it had purveyed ten.six mn passenger cars (passenger cars & LCVs) in 2017. by the hight popularity of ride hailing apps like Uber & Ola, shared mobility is making vehicle ownership passe. In 2017, electric vehicle universal discounts crossed one.one mn (one% of vehicle discounts) for the premier time. The leaders here have been Suzuki & Hyundai, who have over 70% of the vehicle market. Thanks to the hight popularity of shared mobility, vehicle ownership is declining in these zones.collected by :Catlin Logan