*By Christian Smith* The uncertainty of the United States' economic relationship with China is concerning to Cadillac's president Steve Carlisle. In an interview with Cheddar Monday, he said that market is incredibly important for the automaker's growth. "In the short term it doesn't impact our business at all, but certainly we'd appreciate the clarity of what the future holds as we plan our business," Carlisle said. "Certainly we're advocates of freer, more open trade, and particularly in the case of China we would hope that would come to a successful conclusion somehow sooner as opposed to later," he added. America's trade relations with China have been in question since President Trump announced in January he would impose new tariffs on solar panels and washing machines, two key Chinese exports. Roughly two months later, the commander-in-chief announced additional taxes on $2.7 billion worth of aluminum and steel imports from China. In retaliation, the Chinese government announced new tariffs of its own on American exports to the tune of $2.4 billion. The back-and-forth has only escalated since then ー so far tariffs have been levied on $50 billion worth of Chinese goods with as much as $467 billion on the docket. The auto industry is among the sectors most affected by the trade war, since it relies heavily on imported raw materials to produce cars. Annual Cadillac sales in China surpassed its U.S. sales for the first time in 2017, according to a [report](https://www.wsj.com/articles/china-emerges-as-cadillacs-top-market-a-decade-sooner-than-expected-1515183273) by The Wall Street Journal. And accessing the Chinese market will play a pivotal role in the success of Cadillac's first-ever compact crossover, the XT4, which will hit the market this fall. Carlisle said the car manufacturer decided to get into the crossover game because it's the fastest-growing segment globally. "I think it's actually a great time for XT4 to be leading our new series of launches," Carlisle said. "We have a new product launch every six months for the next three years, and what better place to start than what has established itself as the hottest sector in the auto industry." The XT4 goes on sale this fall and will start at a price of $35,790. For full interview [click here](https://cheddar.com/videos/cadillac-unveils-new-compact-crossover-xt4).

Share:
More In Business
Tony Awards draw best audience in 6 years for CBS
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
Apple unveils software redesign while reeling from AI missteps
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
DA: Suspect in UnitedHealthcare CEO killing said he ‘had it coming’
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Load More