Cheap Chinese Cars Are Taking Over Roads From Brazil to South Africa

From Bloomberg News Reporters Chester Dawson, Rachel Gamarski, Mpho Hlakudi, and Patpicha Tanakasempipat:

Donald Trump wants to keep Chinese carmakers out of the US, but that won’t stop them from taking over the rest of the world. They already are.

From Bangkok to Johannesburg to Sao Paulo, the streets are increasingly jammed with inexpensive compacts, crossovers and SUVs made by companies like Great Wall Motor, BYD, Chery Automobile and SAIC Motor.

While the Trump administration is expected to shield the US’s Big Three from Chinese rivals at home, and Canada and the European Union have placed tariffs on Chinese-made electric vehicles, buyers in emerging markets have welcomed Chinese cars and trucks with open arms — posing a new threat to growth-hungry global automakers. Read more here.