Trump Is Ready For Chinese EVs: 'Let China Come In'

"Less than a year ago, automakers found themselves on the cusp of tariff hell. Car companies were suddenly hit with a gut-punch of tariffs on their supply chains and completed vehicles. The U.S. imposed some hefty import duties on all things China in the hopes of protecting domestic manufacturers. Now President Trump is welcoming Chinese cars into the U.S.as long as they build them here."

"During a speech at the Detroit Economic Club this week, President Donald Trump made it clear that he's perfectly fine with Chinese automakers setting up shop in the States. With just four words, he effectively welcomed brands like BYD and Xiaomi to compete with Detroit in their own backyard: "Let China come in." On one condition, of course: These companies are welcome as long as they build a plant in America and hire Americans to work the factory floor."

U.S. tariffs on Chinese automotive parts and completed vehicles drove up costs and strained supply chains for automakers. The U.S. president signaled openness to Chinese automakers establishing U.S. production if they build plants domestically and hire American workers. Several Chinese firms, including BYD, Xiaomi interest, and Geely, showed market testing at CES and signaled intentions to evaluate a U.S. launch. Geely confirmed active evaluation and plans for a future announcement. Domestic manufacturing by foreign automakers could increase competition for Detroit, reshape global supply chains, and shift the balance between tariffs and domestic investment strategies.

Read at insideevs.com