Osajus/Flickr

CHART: Amid accelerating trade tensions, a look at US auto sales in China



Updated June 6 at 5 a.m.

With global trade tensions rising, fueled by American tariffs and Chinese counter tariffs taking effect on Friday, the U.S. and some of its biggest trading partners are beginning to weigh their options for automobiles, Reuters reports.

Auto tariffs between the U.S. and China have turned on a dime a couple times in recent months, with China first announcing it would reduce duties on cars from 25 percent to 15 percent, only to later announce it would levy a new 25 percent tariff on U.S. cars, effective Friday.

According to United Nations trade statistics, auto trade between the two countries has fluctuated in recent years. Here’s a look at U.S. car shipments to China since the early 1990s:

Update – This story was updated to reflect U.S. tariffs and Chinese counter-tariffs taking effect June 6. A previous version of the story was published before the trade actions were official.

Leave a Reply

Tags: , ,