Podcast: Howes on China’s auto play
Detroit News Columnist Daniel Howes and Michigan Radio are partners in weekly essays examining what's hot in Michigan business and politics – and what it all means. This week, Howes says China’s apparent surrender to President Donald Trump’s auto demands probably is not what it appears. Dropping import tariffs doesn’t necessarily help American automakers who assemble vehicles in China, and allowing full foreign ownership of Chinese auto companies would benefit who, exactly? It’s Chinese investors buying their way into the global auto industry – not the other way around.