The largest US automakers did not support Donald Trump's idea of allowing Chinese companies to build factories in the country. An industry council representing Ford, General Motors and Stellantis warned of the risk of unequal competition. This was reported by Qazaqyia.kz citing Kursiv Media.
Trump's position
The day before, the US president said he does not object to Chinese automakers building factories on US territory. According to him, the main condition should be the employment of American workers. Trump compared the potential arrival of Chinese companies to the activities of Japanese manufacturers, which already produce cars in the US.
Warning from the industry council
The position of Ford, General Motors and Stellantis was voiced by Matt Blunt, head of the American Automotive Policy Council (AAPC). He recalled that Chinese automakers receive advantages thanks to state support, features of currency policy and other non-market mechanisms. In his opinion, allowing Chinese companies into the American market without eliminating these factors could harm local automakers, workers and industrial communities.
A complicating situation
The situation is complicated by the fact that American authorities had previously criticized Ford for cooperation with China's CATL and Geely. In September, US Transportation Secretary Sean Duffy also called on Ford to reduce its dependence on Chinese technology and production.
Competition in neighboring markets
Competition from Chinese automakers is already noticeable in neighboring markets. In Mexico, brands from China account for about 20% of the new car market. Canada is also preparing to allow limited imports of Chinese-made cars at reduced tariffs.
Forecasts
The analytical company AlixPartners forecasts that by 2030 Chinese brands could control up to 30% of the global auto market.
Earlier, Kursiv Auto reported that Hyundai raised the alarm over the possible growth of Chinese electric vehicles and hybrids in the US.