Chinese Car Exports, Subsidies & Simmering Trade Tensions. Wendy Cutler, Vice President, Asia Society Policy Institute
Driving with Dunne19 Loka 2023

Chinese Car Exports, Subsidies & Simmering Trade Tensions. Wendy Cutler, Vice President, Asia Society Policy Institute

China is surpassing Japan in 2023 to become the world's leading exporter of cars. BYDs, Cherys and Zeekrs are finding their way to more than 100 markets worldwide. Top destinations include Russia, Mexico, Australia and Spain. Never before in the history of the car has the world witnessed such explosive growth in car exports from a single country. Not surprisingly, the blitz of Chinese cars on global roads has unsettled auto executives and policy leaders alike. How on earth will legacy automakers compete with China's overwhelming advantages in costs? How should Europe and the United States respond? Some early reactions have already surfaced. The Trump Administration put in place a 27.5% tariff on vehicles imported from China. And the president of the EU Commission just launched an anti-subsidy probe on Chinese automakers. What else can policymakers do? Wendy Cutler, our special guest today, walks us through the ups and downs of trade agreements with China since the PRC's accession to the WTO in 2001.

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Who Is Xi Jinping And What Does He Want? Joseph Torigian, Author, The Party's Interests Come First 

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Earlier this year, I enjoyed a delicious lunch in Mexico City with Luis Lozano,  the former CEO of Toyota de Mexico. Luis immediately impressed me with his knowledge of the Mexican car market, the sho...

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President Trump and President Xi,  the two most powerful men in the world, met last week in Korea to try to, basically, calm things down.  China had just flexed its muscles, threatening to limit the e...

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What Western Business Leaders Misunderstand About China – Insights from Mitchell Presnick, Visiting Fellow, Harvard Fairbank Center

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Dazed, bruised and confused. That's how leaders of global automakers and suppliers operating in China feel these days. Since 2020, they have seen their once formidable China sales and profit machines ...

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In the good old days of driving, we needed to make sure the mechanical things worked: Things like the engine, of course, the steering and the brakes. We were in charge of driving the car.  Now, for be...

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