In his acceptance speech as the Republican presidential nominee, Donald Trump pledged to impose high tariffs on car imports, including those from China, with the aim of revitalizing the US auto manufacturing industry. While he did not repeat his previous promise to impose 60% tariffs on Chinese goods, Trump maintained a tough stance on trade with China.
He criticized President Joe Biden's support for electric vehicles, calling them 'green new scams.' Experts suggest that Trump's targeting of specific industries, such as EVs, may have limited impact on China, as the US is a small market for Chinese electric car manufacturers.
However, there may still be room for the US and China to address their trade disputes and potentially revive the 2020 Phase 1 trade agreement requiring China to buy an additional $200 billion of American goods and services.
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