Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Trump’s fixation on tariffs while he undermines America’s competitive strengths is hastening the onset of the “Chinese Century.”
Wary of directly criticizing the president’s trade policies, automakers are emphasizing how much they have already invested in U.S. manufacturing.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
Automakers looked forward to his return to the presidency only to find themselves struggling under the weight of his tariff threats.
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.
China’s electric vehicle companies are making inroads in Thailand, a key industry hub, as Europe and the United States wield tariffs to keep them out.
The agreement, if ratified, will cover 1,600 workers making batteries for General Motors in Ohio. The union said it would be a model for efforts elsewhere.