The US auto industry hopes US President Donald Trump will maintain policies that make it difficult for Chinese automakers to operate in the US, or even fully bar them from entering the US market.

According to a letter dated last Thursday and addressed to Trump reviewed by CNBC, groups representing major segments of the US auto industry, including franchised dealers, suppliers, and domestic and foreign automakers, urged the president to maintain policies and firmly shut the door on Chinese automakers selling, importing, or producing vehicles in the US.

The letter stated that the auto industry is a key pillar of America's advanced manufacturing and defense industrial base, with production capacity and a workforce capable of responding during national emergencies. Once this foundation is hollowed out, it cannot be rebuilt in a short period of time.
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AASTOCKS Financial News
Website: www.aastocks.com

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