Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them [Business Insider]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Business Insider
Americans bought more than 104,000 Chinese-made cars in 2023 and nearly 28,000 in Q1 2024. Buick, Lincoln, Polestar, and Volvo all sell cars in the US that are made in China. Of the more than 15 million cars sold in the US last year, none wore the badge of a Chinese car brand. Chinese EV heavy hitters like BYD and SAIC are conspicuously missing from US showrooms. With the government's existing 27.5% tariffs on Chinese-made cars and Tuesday's new 100% tariffs on Chinese-made EVs imported to the US, the situation isn't likely to change anytime soon. What some people might not realize, however, is that tens of thousands of cars manufactured in China are sold in the US every year. Volvo's S60L sedan was one of the first Chinese-made cars to be sold in the US starting in 2016, followed by Buick's Envision SUV and Cadillac's CT6 Hybrid. According to Automotive News data , US consumers purchased more than 104,000 Chinese-made vehicles in 2023, up 45% from 2022. Americans bough
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- 10/28/24 - Miss
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Sec Filings
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- 10/29/24 - Form 10-Q
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- F's page on the SEC website