Tag: China
Beijing Auto Show foreshadows automotive retail future
The 2020 Beijing International Automotive Exhibition kicked off on Saturday, Sept 26 as the first major auto show since the coronavirus pandemic began after initially being postponed from its original April date. Huge crowds were present in the exhibition center as the event got underway despite the heightened awareness of health, a clear signal of […]
Auto industry leaders sue US over Chinese import tariffs
Lawsuits have been filed with the Court of International Trade by four carmakers to recoup reimbursement for duties paid on car parts imported from China. The news story from has been reported by several news outlets worldwide including BBC, The Guardian, and Industry Leaders Magazine, again portraying the Trump tariffs in a negative light. Filings […]
CBT automotive newscast: September 29, 2020
Today’s Featured Interview:
NADA Vice Chairman Paul Walser reflects on COVID-19 challenges and looks ahead to 2021
With 26 dealerships, Walser Automotive Group is the 56th largest auto...
U.S. putting pressure on China, considers blacklisting chipmaker
Earlier this year, Chinese carmakers were attempting to be the first to crack into the American auto market. Brands such as GAC Motor and Vantas were expected to target the auto industry in the US with low-cost models, capturing a part of a 17 million-unit per year sector. Instead, the tables have turned as the […]
Is Coronavirus Affecting North American Auto Retail?
Respirator masks are selling out on store shelves, Amazon, and eBay. Worldwide, people are stocking up on basic necessities and preparing for the possibility that COVID-19 coronavirus will be declared a pandemic. The virus’s reach in North America is extremely isolated to date, but the implications are already filtering into many industries, including automotive retail. […]
China Makes Significant Move in Trade War with U.S.
The trade war between US and China just got worse on Friday. Beijing has now imposed tariffs on $75 billion in American goods in retaliation for Trump’s escalating tariffs on imported Chinese goods. The conflict has been on a collision course, with many Americans waiting for the other shoe to drop. It seems it may […]
Trade War Tariffs: Everything You Need to Know for the...
There has been no shortage of back and forth in regards to the tariffs that have been threatened and implemented on other countries by the United States since Donald Trump took office. The first 7 months of 2019 have been no different, seeing as there have been countless meetings, talks, and negotiations between the U.S. […]
Escalating Tariff Threats Still Loom Over U.S.-China Trade Deal
Last week, President Donald Trump fulfilled his promise of raising tariffs on China from 10% to 25% on about $200 billion of Chinese goods. Trump has made it clear that he is a “tariff man” and thinks they are a great tool to use in the fight for a stronger economy and better trade deals. […]
Trump Threatens 25% Hike on Tariffs for China
Just two months after deciding to hold off on implementing tariffs on China, the Trump administration has announced plans to place them on $200 billion worth of Chinese goods, including cars and auto parts. For now, Japan and the European Union are immune from auto tariffs while negotiations are being made; however, the existing tariffs […]
Trump Administration Puts Chinese Tariffs on Hold
Back in September of 2018, Paul A. Eisenstein of NBC News reported that U.S. President Donald Trump’s plan to implement tariffs automobiles and auto parts imported from China would potentially cause the loss of over 700,000 jobs as well as a significant drop in car sales and a massive blow to the country’s GDP. This […]
