The United States had a trade surplus with China for passenger cars of $8.9 billion in 2017. Exports of cars to China totaled $10.5 billion, while imports from China were $1.6 billion. Yet President Donald Trump claimed that China “won’t take” U.S. cars.
Q: Would 3 million jobs be lost if U.S. automakers go under?
A: The 3-million-jobs figure is based on doomsday assumptions that are unlikely to materialize. Independent economists put the job loss in the hundreds of thousands if GM and Chrysler go under. Ford has said it can survive on its own for now.
A new Obama ad targeted to Michigan voters says McCain "refused to support loan guarantees for the auto industry."
That was true, but it’s not now – and it wasn’t when this ad was made. Yet the ad doesn’t mention McCain’s changed position on government support for the carmakers.
The Obama campaign ad, "Revitalize," is running in Michigan, where the auto industry is on the ropes.
Obama for America Ad: "Revitalize"