Associated Press - The luxury market in China has been growing more than twice as fast as the overall auto industry, but American automakers lack a credible entry.
This article goes on to say that the Communist Chinese government slaps a 25% tariff on these luxury imports. Does the United States reciprocate? We import as much of their cheap products as possible. When will we learn? Our exports are reduced by their tariffs because they want to protect their own market. What do we want to protect? If only the United States would be concerned about its own jobs as China is theirs, perhaps there would not be a $14 Trillion deficit today.
