Chinese auto maker GAC will delay its entry into the US market until 2020 because of the trade war between Beijing and Washington, a company executive said Monday at the Detroit auto show.
"We originally had the plan to launch our first vehicle in the US at the end of 2019," GAC President Yu Jun said through a company interpreter. "However we have postponed our plans due to the recent development on trade. We're making steady progress towards it."
"Tariffs already had an impact in 2018," he said. "We believe about two percent of today's prices are because of the tariffs that were already implemented."
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