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Chris Bryant

BMW and Mercedes Say Thank You to Donald Trump

A Chinese import duty cut will benefit local luxury consumers, as well as Germany’s car giants.

Das Auto sends thanks to the Donald.

Das Auto sends thanks to the Donald.

Photographer: VCG/Visual China Group

Two of the biggest beneficiaries of U.S. President Donald Trump’s drive to get China to “play fair” on trade are — wait for it — wealthy Chinese people and Germany’s automakers. 

On Tuesday, China confirmed a Bloomberg News report that it plans to lower tariffs on imported passenger cars to 15 percent, from 25 percent. There was a time when this would have been huge news for foreign carmakers. But most, including General Motors Co. and Ford Motor Co., have long since established extensive local production there. Tesla Inc. is the exception.