Trump Open to Chinese Automakers Building Cars in U.S. If They Hire Americans

GeopoliticsRegulation
โดย Seeking Alpha·USCN·Read original
Summary · why it matters

President Donald Trump said he would be open to Chinese automakers building cars in the United States as long as they hire American workers. "If China wanted to come in and open a plant to build their cars here, I'd be okay with that," Trump said in an interview with Fox News, adding that "the big thing is they hire our people." He said he did not want Chinese companies building in Mexico and shipping vehicles across the border, and he dismissed as a "total phony rumor" Senator Elissa Slotkin's claim that he was planning to allow Chinese cars to be sold in the U.S. as part of a larger deal, noting that he has imposed a 150% tariff on any car from China and that there are currently no Chinese cars in the United States. The comments come as Trump is scheduled to meet Chinese President Xi Jinping later this month. U.S. automakers have called on Congress to pass legislation permanently banning Chinese vehicles from the U.S. market, with Alliance for Automotive Innovation CEO John Bozzella warning lawmakers that Chinese automakers are dumping subsidized vehicles with connected software and hardware worldwide that can collect and transmit sensitive data to the Chinese Communist Party.

Impact on stocks 4

Electrification & Mobility▲ · 3 stocks
Li Auto Inc
2015
▲ PositiveRegulationrelevance

Trump said he would be open to Chinese automakers building U.S. plants if they hire American workers, a potential opening for Li Auto's U.S. expansion

NIO Inc
9866
▲ PositiveRegulationrelevance

Trump's openness to Chinese automakers building U.S. plants hiring Americans could ease the path for NIO's U.S. manufacturing

Xpeng Inc
9868
▲ PositiveRegulationrelevance

Trump's willingness to let Chinese automakers build U.S. plants if they hire Americans is a potential regulatory opening for Xpeng

Consumer Discretionary▲ · 1 stocks

Theme Impact 2

Related news

▼2

US auto industry groups urge Trump to block Chinese-made vehicles

Several US auto industry groups have sent a letter to President Trump urging him to block Chinese-made automobiles from entering the US market, ahead of a planned US-China summit next week. Among the groups that signed the letter are the Alliance for Automotive Innovation, which includes passenger car manufacturers from Japan, the US and Europe, and the National Automobile Dealers Association. Chinese-made passenger cars are effectively shut out of the US market by high tariffs and other measures, and the letter, dated the 17th, calls for the current policy to be maintained. It argues that easing entry restrictions would "undermine fair competition."
Electrification & Mobility ▼
Jiji Press·4hRead more →
▲3impact 5

Volkswagen Cuts 2026 Profit Outlook on China Slump and Porsche Writedown

Volkswagen has dramatically cut its 2026 profit outlook, now expecting an operating margin of no more than 1% this year, down from its previous forecast of at least 4%. The German carmaker expects around €10 billion, or $11.5 billion, in charges this year, including restructuring costs tied to workforce reductions and writedowns on Chinese assets; that total includes a €6-billion writedown related to Porsche, reflecting revised long-term expectations for the sports-car maker. Excluding the exceptional charges, Volkswagen said its operating margin would be around 4%. Volkswagen shares fell more than 7% following the announcement, dragging other automakers lower. Chief Financial Officer Arno Antlitz said the Chinese market has contracted by around 20%, with no stabilization currently in sight, while Chinese automakers take domestic share and expand into Europe with competitively priced electric vehicles. Volkswagen also said growing EV sales are weighing on profitability at its Volkswagen passenger-car and Audi businesses, and it recently reached an agreement with labor representatives that could increase planned job cuts to 100,000 globally.
VOW.XETRA ▼P911.XETRA ▼
Electrification & Mobility ▼
Bloomberg·11hRead more →

Unusually Large Business Delegation to Join Xi's US Visit, with BYD and Xiaomi Among Candidates

The US and Chinese governments are finalizing the selection of top Chinese business figures to accompany President Xi Jinping on his visit to the United States, according to three people familiar with the matter. According to the sources, candidates include Chinese electric vehicle giant BYD, smartphone maker Xiaomi, which has also expanded into EVs, battery giants CATL and Gotion High-Tech, home appliance maker Hisense Group, auto parts supplier Wanxiang Group, state-owned Bank of China, and agricultural conglomerate COFCO. Accompanying a large business delegation to the United States would be an unusual move. According to the people, the finalization of the delegation's members will wait for talks this weekend between US Treasury Secretary Bessent and Chinese Vice Premier He Lifeng, with formal invitations to be sent to each company within the next few days, and the US State Department is expected to approve visas for the delegation. CATL and BYD were added to the US Department of Defense's corporate list in January 2025 and June 2026, respectively, over alleged ties to the Chinese military. China's Foreign Ministry, responding to a Reuters question, said it had no information.
000031.CS002074.CS002594.CS1810.HK300750.CS600060.CG+1
Electrification & Mobility
ロイター·15hRead more →
© 2026 MarketDXNews