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Did you know that 99% of GM cars sold in China are manufactured in China because of 25%tax China imposes on cars imported to China. Time for US to do the same!

Posted on | March 6, 2018 | 1 Comment

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https://www.ft.com/content/31a43596-266e-11e1-9ed3-00144feabdc0

Beijing has long imposed a hefty import duty – currently set at 25 per cent – on all foreign-made cars, regardless of country of origin. Faced with that punishing tariff, most foreign automakers have already based production facilities in China for the vast majority of their cars sold to the Chinese market. GM, the foreign sales leader in China, uses Chinese factories to make nearly 99 per cent of its cars sold within China. https://www.ft.com/content/31a43596-266e-11e1-9ed3-00144feabdc0

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Comments

One Response to “Did you know that 99% of GM cars sold in China are manufactured in China because of 25%tax China imposes on cars imported to China. Time for US to do the same!”

  1. American Patriot
    March 6th, 2018 @ 2:04 pm

    Two things…

    1. Those auto makers should start to bring their operations back to America…

    If they had any guts!

    2. And Trump should tariff china just as strong to make them want to stop the nonsense!

    We should never trust any commie…EVER!

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