Chinese brands worry Detroit as Trump meets Xi
With Trump and Xi talking again, the possible rise of Chinese automakers in the US is seen as a threat to domestic carmakers.
The meeting between Donald Trump and Xi Jinping is bringing fresh concern to Detroit: Chinese automakers could become a major problem for the American car industry. Brands from China have already expanded in Europe and Asia, helped by low pricing and a strong push into electric vehicles.
For the United States, the issue is not only commercial but also strategic. If Chinese brands managed to break deeper into the local market, pressure on jobs, investment and supply chains would rise quickly. Europe is watching closely, aware that the same scenario could soon affect the continent as well.