Business

Trump Voices Concerns Over China's Dominance in EV Market, Vows to Protect US Auto Industry

Trump's Stance on China's EV Market Expansion

In a recent interview with Fox News radio, United States President Donald Trump expressed his dissatisfaction with the idea of "losing any business to China," particularly in the context of Beijing's growing influence in the electric vehicle (EV) industry.

Protecting the US Auto Industry

Trump emphasized his commitment to safeguarding the American automobile sector from being undermined by Chinese competition. "Somebody else would let them in and in about six months, we wouldn't have an automobile business," he warned. However, he reassured that the tariffs he implemented would prevent such an outcome.

Technological Comparisons

While acknowledging China's advancements in the EV market, Trump pointed out that their semiconductor technology still lags behind that of the United States.