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JDPriestly

(57,936 posts)

57. And, the auto industry's response: expand manufacturing in China.

Thu Dec 15, 2011, 08:55 PM

Dec 2011

General Motors Co. (NYSE:GM) may speed up programs to enhance production in China subsequent to Chinese government announced it will impose anti-subsidy and anti-dumping tariffs on imports of medium and large cars and SUVs from the United States.

According to JPMorgan Chase & Co, imposition of these tariffs on imports up to an extent of 12.9% for its vehicles may speed up GM’s plans of local production in China itself.

. . . .

As per the GM spokesman said, our aim is to produce where we sell and around half of a percentage level of sales in China imports form GM’s plants in North America, he said.

http://www.forexdice.com/gm-can-accelerate-production-in-china-as-it-imposes-new-import-tariffs/656802/

But GM imports parts for cars sold in the US. Go figure. "Free trade" does not work. Our debt to China proves it.

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And, the auto industry's response: expand manufacturing in China. JDPriestly Dec 2011 #57

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