US demand for automobiles and auto parts has been straining under higher inflationary costs.
Even before the war-driven spike in gasoline prices, the US automotive industry was steeling for a tough year.
Mainland China accounted for 35.2% of US containerized autos and parts imports last year, down from more than 40% as recently as 2021, according to PIERS.
Luis Alvarez/DigitalVision via Getty Images
US demand for automobiles and auto parts has been straining under higher inflationary costs, but buyers, both consumers and manufacturers, will face another level of sticker shock if the war in the Middle East extends into the
