Auto industry urges Trump to not allow Chinese automakers in U.S. ahead of Xi visit
CHINA AUTO SALES DROP 24% AS EXPORTS SURGE 78%
China’s auto retail sales fell 24% to 1.54M vehicles last month, with YTD sales down more than 20%.
At the same time, exports jumped 78% to 888K vehicles and now account for 38% of total sales, up from roughly 20% a year ago.
That export shift is becoming increasingly important as China’s domestic price war squeezes profitability. Auto-industry margins fell to just 3.6% in the first seven months of the year, versus 6.5% across China’s broader downstream industrial sector.
BYD raised its 2026 overseas-sales target to as much as 2M vehicles and exported more than 184K new-energy vehicles in August.
Tesla $TSLA shipped roughly 86K EVs from its Shanghai factory, with about 36K going overseas.
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The auto industry's massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955.
The auto industry helped build our middle-class & was essential in our war fighting efforts. Now China is using automobiles as a weapon to infiltrate America, destroy our manufacturing base, & spy on us.
We will hermetically seal the US from Chinese predators once & for all.
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Canada 🇨🇦 auto industry is completely wrecked w/a 50% tariff. Unmitigated, it could resemble Australia 2017 where their auto industry collapsed … hope not tbh.
More EU "Winning"
The German auto industry's collapse continues. It lost 42,300 workers in the first half of the year, with those now employed in the sector now at 691,500, the lowest in 21 years.
Worse is ahead, losses at Volkswagen, BMW, Porsche, Bosch havent been included.
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BREAKING: "We're building more auto factories and more plants than at any time in the history of our country."
President Trump tells General Motors workers the American auto industry is surging, crediting the men and women on the factory floor for rebuilding the country.
He also blasts past leaders for allowing manufacturing jobs to leave the U.S., saying his administration is putting Michigan workers and American industry first.
"At long last, Michigan finally has a president who stands up for Michigan auto workers and puts America first."
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China 🇨🇳 just set a new 5 year goal for its auto industry of
70% of new cars to be electric vehicles or hybrids by 2030 and for autonomous driving to be deployed at scale
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🚨 AWESOME! This MAGA auto workers patriot just stormed the stage and WENT OFF
"Kamala Harris was running against this guy, she wanted to get RID of the internal combustion engine!"
"THANK YOU Mr. President. It's because of you—you SAVED our domestic auto industry!" 🔥
TRUMP: "Look at the arms on that guy!" 😂
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The banks got bailed out in 2008.
The auto industry got bailed out in 2009.
The airlines got bailed out in 2020.
The corporations got PPP loans forgiven in 2020.
Every time the system fails the powerful the government writes a check.
Every time the system fails you they say pull yourself up.
Socialism for the rich.
Personal responsibility for everyone else.
Same country.
Every single time.
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