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Trump’s tariffs and EV policy pose challenges for Chinese automakers

Donald Trump was sworn in as the 47th president of the United States and unveiled key policies, including canceling electric vehicle (EV) subsidies, imposing tariffs on imports, and establishing a foreign tax bureau. He criticized President Biden’s green energy policies and pledged to protect traditional auto industries. Trump’s tariffs, particularly on Mexico and Canada, could reshape the global automotive market and challenge the expansion of Chinese automakers into North America. While these moves aim to boost U.S. manufacturing, they introduce uncertainties and risks for the global auto industry, including for Chinese companies seeking to enter new markets in Southeast Asia and Latin America.

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