Trade Surplus in Cars with China
by Lori Robertson
Apr 11, 2018
3 minutes
The United States had a trade surplus with China for passenger cars of $8.9 billion in 2017. Exports of cars to China totaled $10.5 billion, while imports from China were $1.6 billion. Yet President Donald Trump claimed that China “won’t take” U.S. cars.
The president made his claim during about taxes in West Virginia on April 5. He said: “If we make a car and try and get it into China, number one, they won’t take it. But if they did, it’s 25 percent tax. So they pay 2.5; we pay 25. They don’t
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