Automakers Deepen China Ties as Trade War Heats Up: Hyperdrive

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The US and Europe are throwing up roadblocks to keep Chinese cars out of their home markets. But at the corporate level, they’re growing ever closer.

President Joe Biden’s quadrupling of tariffs on Chinese EV imports reinforced what many brands have already accepted — China-made cars aren’t welcome in the US, at least for the foreseeable future. If the European Union follows suit when it announces the results of its probe into Chinese EV subsidies — expected imminently — that could be an even more damaging blow to the Asian nation’s export-led growth plans.