President Trump has made it his administration’s mission to tackle unfair trade practices with China and other nations. However, his arguments at a recent campaign-style rally didn’t exactly play into reality.
Specifically, the president chose Chevrolet as a victim of poor trade practices, the Detroit News reported Wednesday. President Trump told the audience that “taxes and taxes and taxes” create a $119,000 Chevrolet Camaro in China, which is inherently unfair to General Motors.
However, the Camaro does not cost $119,000 in China. The car is officially sold (we’re not talking gray-market imports) with the 2.0-liter turbocharged four-cylinder engine for 399,900 yuan, or roughly $58,000.
His speech also tackled the lack of Chevrolets on the streets of Berlin, Germany. Recall, GM exited the European market with the sale of Opel and Vauxhall last year. Prior to the exit, GM pulled the Chevrolet brand from Europe. Chevy maintains a minimal footprint and still sells the C7 Corvette and sixth-generation Camaro, though.
Nevermind the fact Ford remains successful in Europe, either.
The president’s latest comments on China come as both nations prepare for a fresh round of tariffs. In total, the tariffs will affect another $16 billion worth of each country’s goods.