America And China Come To A Trade Agreement, But Cars Will Only Go In One Direction

A new trade deal between China and the U.S. may have made some progress that will help the auto sector. Both sides agreed to vastly lower tariffs than had been in place. Though they’re still significantly higher than before, they still block low-cost EVs from the country, and the tariff rollbacks are, once again, only temporary. It is more lack of stability for an industry that craves it.