A controversial shift in trade policy has emerged as the president signals openness to Chinese automakers establishing manufacturing plants in the U.S., despite objections from American automakers. The proposal comes amid ongoing tensions over foreign investment, with the president citing Japan’s existing operations as a precedent. Industry leaders have raised concerns over potential job displacement and market competition, setting the stage for a debate over economic strategy and national security implications. The move could reshape automotive production and trade relations between the two global powers.
President Trump said Friday he would permit Chinese automakers to move manufacturing to the U.S. over the protest of American automakers. “If China wanted to come in and open a plant to build their cars here, I’d be OK with it,” the president told Fox News’s Laura Ingraham on “The Ingraham Angle.” “Japan does it,...
