The Wall Street Journal is reporting that U.S. automakers are seeking a workaround to avoid increased expenses resulting from President Donald Trump’s controversial tariff policy: relocating manufacturing to China.
“Four major automakers are racing to find workarounds to China’s stranglehold on rare-earth magnets, which they fear could force them to shut down some car production within weeks,” the Journal reports. “Several traditional and electric-vehicle makers—and their suppliers—are considering shifting some auto-parts manufacturing to China to avoid looming factory shutdowns, people familiar with the situation said.”
They already did. That’s been the big problem for years. Legacy auto made their money in the largest car market on the planet. Then people in China stopped buying them.
Just one reason why Chinese EVs are illegal in USA. Because Americans would buy them and Ford and GM would already have to have been bailed out.