Top American automakers, suppliers and dealers have launched a coordinated lobbying blitz ahead of the high-stakes Washington summit between President Donald Trump and Chinese President Xi Jinping.
Industry executives are scrambling to neutralise potential trade deals that could open domestic auto manufacturing lines to state-backed Chinese competitors. "We urge your administration to maintain policies that keep the door firmly shut to Chinese automakers seeking to sell, import or manufacture vehicles inside the U.S.," said a letter to Trump by six groups representing General Motors, Toyota, Volkswagen, Ford, Hyundai, Stellantis, Tesla and others, as per Reuters. CNBC reviewed the letter, which revealed deep-seated anxieties across corporate boardrooms regarding the future of domestic vehicle manufacturing.
