As a responsible power, China is now sloving the global car overcapacity problem.
Japan: Some cars' production halted.
Europe: Auto suppliers shut plants, following by more to come.
US: Auto makers are begging Trump to make a deal with China.
Global auto makers are also considering to move relevant part of supply chain to China, to satisfy China's rare earth export requirements.
Automakers Race to Find Workaround to China’s Stranglehold on Rare-Earth Magnets
Major manufacturers, fearful they will have to shut down assembly lines, consider moving some parts production to China
US auto suppliers say immediate action needed on China rare earths restrictions