The latest round of retaliatory tariffs will seriously hit cars exported to China from the United States. Taking into account existing tariffs on autos, total duties charged on U.S.-built cars would be as high as 50%.
Ford Motor Co. and Tesla Inc. likely would feel the biggest impact of all the U.S.-based carmakers.
“Could we make vehicles in the U.S. without Chinese imports? Yes,” Kristin Dziczek, vice president of the Center for Automotive Research said. “Can U.S.-based automakers survive without having access to the largest market in the world? No. We can’t wall ourselves off from any interaction with the Chinese auto market.”
Read the article at The Detroit News.