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"China has shown economic strength... in the last decades, its economy has also fueled our growth in ASEAN with tourism from China, manufacturing and infrastructure projects," he said.

"By reinforcing their moats, industry leaders will become even stronger, and the sector will present a higher competition threshold, and the market centralization will become more obvious," said Neil Wang, president of Frost & Sullivan China.

"China exports comprise 38 percent of total Daimler exports from the United States, 31 percent for BMW, and 24 percent for Tesla," Kristin Dziczek of the Center for Automotive Research in Ann Arbor, Michigan, wrote in an email Thursday.

"China is already the largest market for electrified vehicles, and the gap between China and Europe and especially the United States will increase in the next years," said Continental Chairman and CEO Elmar Degenhart.

"China is a big importer of Michigan dairy products. This uncertainty hurts markets. All I know is that we have to get this resolved, the sooner the better for everybody, for the US and for China. We can help each other, work together and improve life for people in this country and people in China," he said.