General Motors has announced it will stop shipping vehicles to China from the U.S., affecting its Durant Guild premium import business, which accounted for less than 0.1% of its sales in China. This decision aligns with the ongoing discussions between the U.S. and China regarding tariffs and trade issues. The spokesperson for GM indicated that the move is part of a restructuring effort in response to significant economic changes. The decision mirrors similar actions taken by Ford Motor Company earlier this year, which also halted its exports to China.
Due to significant changes to economic conditions, we have decided to restructure The Durant Guild and correspondingly optimize GM China's operations.
Goods imported into China from the United States faced tariffs of more than 100% before the two countries agreed to lower the levies for 90 days.
The move comes as the United States and China continue discussions on tariffs and other trade issues.
GM imported vehicles to China from the United States through its Durant Guild premium import business, which represented less than 0.1% of the volume it sells in China.
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