The first day of meetings between Presidents Xi and Trump may have included an offer of improved U.S. access to the Chinese auto market. This could involve a cut in the 25% tariff applied, though local ownership of production may remain as a restriction. Panjiva data shows that Chinese imports of vehicles from the U.S. increased 122% in the 12 months to January 31 compared to 2011. This was led by local subsidiaries of BMW, Daimler and Tesla. Mainstream brands including Ford were further down the rankings. With German exports to China falling 20% over the same period it would suggest the...
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