UNION-TRIBUNE STAFF WRITER
Chamco Automotive, a company set up to import Chinese vehicles to the United States, will open a $300 million Tijuana assembly plant in 2009 that will produce the vehicles of Hebei Zhongxing Automobile.
China, by locating in Mexico can now take full advantage of NAFTA, bypassing any import duties to the USA.Lou Dobbs segment:
"Communist China is also, well, now exploiting a gapping loophole in that wonderful trade arrangement called NAFTA. Are you ready? One of China’s largest car makers is about to build an assembly plant in Tijuana, Mexico, the purpose? To build and export vehicles into the United States. And it will be duty-free."
full Lou Dobbs transcript
No comments:
Post a Comment