Tariff Quote Watch: Guangzhou Auto Parks Car Plans, China Component Shipments Soar — Panjiva
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Tariff Quote Watch: Guangzhou Auto Parks Car Plans, China Component Shipments Soar

China 3047 Cons. Discr. - Autos 1246 Quote Watch 452 Tariffs 1865 U.S. 5398

Guangzhou Automobile has delayed plans to ship cars to the U.S. from China to early 2020 with General Manager Yu Jun citing U.S. tariffs as a major reason. Weak U.S. sales of sedans at the end of 2018 won’t have helped the case for a 2019 launch. Tariffs applied since July have cut Chinese exports to the U.S. by 55.2% in the three months to Oct. 31 vs. a year earlier, with preliminary seaborne data showing similar declines in November and December. The ongoing section 232 review of the automotive industry raises risks for Guangzhou’s plans, though auto component suppliers arguably face b...

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