Tesla, Ford have the most to lose among US carmakers on China's new round of tariffs [CNBC]
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Source: CNBC
Tesla and Ford have the most to lose among U.S. automakers on China's announcement Friday to re-impose a 25% tariff later this year on American vehicles entering the country. The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Mercedes-Benz, which is owned by Daimler, according to Kristin Dziczek, vice president of Industry, Labor & Economics at the Center for Automotive Research, a nonprofit research firm in Ann Arbor, Mich. While General Motors and others have significant sales in China, they have local production facilities and joint ventures with Chinese companies that help shield them from tariffs. GM produces the vast majority of its vehicles sold there in China. Mercedes-Benz exports some cars to China from its Alabama plant, and BMW sends some cars from its Spartanburg, South Carolina, factory to China. Exported models include the BMW X5 and Mercedes-Benz GLE. Tesla currently exports all of its vehicles sold in Chin
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