China’s Top U.S. Auto Imports

How global is this?

Of the ten best selling U.S. auto exports to China, six are German cars.  The real world is not as simple and more complex than conventional impressions.

China_Auto Imports

Source:  Bloomberg

It’s hard to unpack the president’s tweet.

According to the South China Morning Post,

China’s tariff on car imports from all over the world was cut to 15 per cent from 25 per cent. But for US cars, China added a 25 per cent tariff over the summer, making the rate 40 per cent.  – SCMP

So did China remove the 40 percent, of which 25 percent was in retaliation to the U.S. tariffs, on all U.S. cars, while the U.S. left its tariffs in place with the threat to escalate if negotiations go south?  That interpretation should be highly discounted until more clarification.

Traders are going to run with it, however.

 

This entry was posted in China, Uncategorized and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.