On April 4, U.S. President Trump announced a 25% tariff on imported automobiles and certain automotive parts. The China Association of Automobile Manufacturers has expressed opposition to this measure and urged the U.S. to heed the opinions of the industry and make prompt rectifications. Given the high degree of internationalization within the automotive industry, this action by the U.S. risks disrupting the normal trade order, destabilizing the global automotive supply chain, and ultimately leading to increased car prices.
