President Donald Trump has announced he plans to increase a tariff on cars and trucks imported from the European Union effective next week, a move that could jolt the world economy at a fragile moment. “I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to trade deal, next week I will be increasing tariffs charged to the European Union for cars and trucks coming into the United States. The tariff will be increased to 25%,” he wrote Friday. “It is fully understood and agreed that, if they produce cars and trucks in U.S.A. plants, there will be NO TARIFF.” Trump did not elaborate on his specific grievances over the EU and their supposed noncompliance with the trade deal. It comes despite an agreement reached last July between Trump and European Commission President Ursula von der Leyen, which established a 15% tariff on the majority of goods.
The only reason Buick still exists is because they’re huge status symbols in China.
Lol at the rate Chinese cars are improving they’ll get over that particular cultural disease in less than a decade.
Pretty soon they won’t need cars. They’re building so many bullet trains, that you can take practically one from your front door to the grocery store.
They’re eating our lunch, and our leaders are totally clueless, and wouldn’t even care if they knew.
In a country as large as China, determined assholes will be a big enough market, i expect.
What the fuck are you talking about? Buick is anything but a status symbol. I lived here for 7 years now and can’t remember the last time I have seen one. They have a joint venture with SAIC, a state owned car company and the cars are often rebranded. Mostly German brands were seen as status symbols but that’s no longer the case either due to arrogance and lack of innovation. Except maybe audi who have some Chinese only EV’s. Now local high end cars, especially EV’s are trending. Nio, Xiaomi, Li, Xpeng, Maextro to name a few. You barely see any American car brand here.
Oh and I’m a car nut so I know what I’m talking about
This was back when they shuttered Pontiac, which happened in 2010. They were going to drop Buick then as well.
Oh, and you can drop the attitude.
Are they still? Western prestige cars are having an increasingly hard time in China, given that they are all run with that dirty stone age technology based on fosil fuels, while domestic cars are shinier, better, cleaner and performing better and are technologically cutting edge.