Donald Trump vows to slug Chinese cars with unprecedented tariffs

News Snapshot:

Former US President Donald Trump has taken yet another shot across the bow of China’s car industry, vowing to impose a 100 per cent tariff on vehicles made in Mexico for Chinese companies if he’s reelected later this year. Last month, Chinese car giant BYD announced its desire to open a factory in Mexico, which would give it easier access to the US market, the world’s second largest. Mr Trump – who will contest the November election against incumbent President Joe Biden – has previously said he would impose a 50 per cent tariff on Mexican-built Chinese cars if he...