POTUS SAYS NO AND MEANS IT!
U.S. denies GM tariff relief request for China-made Buick SUV
WASHINGTON (Reuters) - The Trump administration has denied a General Motors Co request for an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility vehicle.
The denial of the nearly year-old petition came in a May 29 letter from the U.S. Trade Representative’s office saying the request concerns “a product strategically important or related to ‘Made in China 2025’ or other Chinese industrial programs.”
The midsize SUV, priced starting at about $35,000, has become a target for critics of Chinese-made goods, including leaders of the United Auto Workers union and members in key political swing states such as Michigan and Ohio.
GM said on Tuesday it was aware of the denial and has been paying the tariff since July. GM has not raised the sticker price to account for the tariff.
Moar / sauce:
https://www.reuters.com/article/us-usa-trade-china-gm-idUSKCN1T530U