Trump's tariff plan harms both others and oneself! The governor of Michigan warns: This move will hurt the USA automotive industry.
① The governor of Michigan warned that Trump's tariffs on Mexico could harm the USA Autos industry, raise USA Autos prices, and hurt job opportunities. ② Trump has stated that if illegal immigration and fentanyl trafficking do not stop, he will impose a 25% tax on Canada and Mexico; Whitmer pointed out that the cost of the tax will ultimately be passed on to the Consumer.
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;
US stock market changes | More positive developments for the FX6 model will be revealed in March, Faraday Future (FFIE.US) rises over 13%.
On Wednesday, Faraday Future (FFIE.US) rose by over 13%, closing at $1.590.
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Are foreign Autos brands "not appealing" anymore? Audi, BMW, and Porsche experience a significant decline in sales in China.
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