Guangzhou Automobile Group, one of China’s largest carmakers, has suspended plans to export its Trumpchi-branded sport utility vehicles to the US due to tariffs imposed in the trade war between the two countries.
“We did have a plan to begin exports to the US and had made preparations,” Zeng Qinghong, the company’s chairman, said in Beijing. “Unfortunately there was the issue of trade and tariffs. Whenever the US reduces its tariffs, we will reconsider.”
The US raised its tariffs on Chinese cars and parts to 27.5 per cent last July, scuppering plans by Ford and other manufacturers to develop the country as an export base for the US. Guangzhou Auto had said it would begin exporting to the US this year.
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