“Canada’s decision this month to give Chinese carmakers a toehold in the country’s car market may be an ominous development for U.S. automakers that are already struggling to stay relevant outside North America,” the New York Times reports.
“General Motors and Ford Motor — the two largest U.S.-based car manufacturers — have been steadily losing customers in Asia, Europe and Latin America, as Chinese carmakers have gained ground. Now Canada plans to lower tariffs on a limited number of Chinese-made vehicles, potentially giving companies like BYD, SAIC or Geely a small but significant presence on the United States’ northern border after already building a thriving business in Mexico and much of Latin America.”
