eunice yoon is in guangzhou. >> reporter: if the chinese company behind this car gets its way, you'll soon see this suv on american roads. state-run gac motor believes vehicles like this have all that it takes to win over u.s. drivers. but depending on your politics, the brand name could be a problem or a reason to buy. this car is a trumpgy. he says, "we never imagined the name would sound so similar to the name of president trump." the president of the company says his visions for the u.s. are huge. trumpgy, which translates to "delivering goodness," was the fastest growing chinese car brand last year and won high marks for quality, giving the automaker the confidence to believe it can beat the odds and do what no other chinese car brand has been able to achieve -- conquer the u.s. "american drivers are like chinese drivers," he says. "they both like big sizes, big spaces and luxury interior." the plan is to export cars like this one from their factories in china. they're considering partnering with a u.s. automaker and sees a potential to build his own factory down the line. despit

eunice yoon has the full report. >> reporter: if the chinese company behind this car gets its way, iee this suv on american roads. state-run gac motor believes vehicles like this have all that it takes to win over u.s. drivers. >> depending on your politics, the brand name could be a problem or reason to buy. this car is a trumpchi. >> we called it in trumpchi in 2010. we had no idea that seven years late their it would sound like president trump. he says his ambitions for the u.s. is huge. trump chi was the fastest growing chinese car brand last year and won high marks for quality, given the automaker confidence that it could believe it would beat the odds and do what no other chinese car brand has been able to achieve, conquer the u.s. american drivers are like chinese drivers, he says. they both like big sizes, big spaces, and luxury interior. the plan is to export cars like this one from trumpchi's factories in china. yu is considering partnering with a u.s. automaker locally and sees potential building his own american factory don't line. despite the anti-china rhetoric out of t

>> i don't believe we have scratched the surface yet. >> that was eunice yoon reporting out of china.re we wrap up the show, let's have a look at u.s. futures. we are expecting a slightly higher open. the s&p 500 looking to add 3 points. the dow jones seen higher to the tune of 11. the nasdaq set to add 11 points. this after major averages saw their fourth straight day of gains yesterday. when it comes to oil markets, brent crude at 54.51. wti crude at 51.78. well above that 50 handle. up by a similar percentage. there is increasing optimism that we will be seeing a nine-month extension to the current cuts. european equity markets. the ftse 100 is slightly outperforming. up 0.2%. the xetra dax, cac 40 and ftse mib slightly under water. want to show you what's happening on sect by sector bas basis. basic resources are among the decliners partly because of the chinese credit cut and ov oversupply concerns for iron ore. autos off as well. >>> on a programming note, join us at 12:30 cet for our interview with vitor constancio. i'm carolin roth. "worldwide exchange" is up next. see you tom

our eunice yoon has more on that story. eunice? >> hey, guys, i'm at an apparel company in china. you are, everybody here has been talking about whether or not president trump is going to be able to get tax reform done. the reason for that is because if president trump is able to make good and follow through with a large corporate tax reduction, that could have a big impact on manufacturers like this one. now, i have been in and out of factories all week. i was speaking to one owner of a textile manufacturer who is investing $220 million into a plant in south carolina. and he says that he hopes at one point to be able to move his entire business to the united states. the reason is because of cost. he was telling me as well as others have been telling me that contrary to the widespread perspective that the u.s. isn't necessarily a good place to do manufacturing, they are saying that it is a very competitive place. so this is what analyst told me about this trend of chinese companies investing in the u.s. >> these companies are going to the u.s. because they think by doing so they c

eunice yoon has more. good morning to you. >> reporter: good morning. the answer would be yes. president trump has said that he wants the u.s. to become much more competitive and in the conversation i've been having here with a lot of chinese executives t turns out they believe the u.s. is competitive as it is. now speaking to one textile manufacturing, a company called kier, they're investing 2$228 million into a facility in south carolina. when i spoke to the company boss, he said he's hoping that eventually he wants to move everything over to the united states. why? he says his costs are just so much cheaper. he said in the u.s. his costs are 25% cheaper than in china. i spoke to one analyst who told me he believed this trend would only gain momentum. this is what he had to say. >> chinese companies are going to the u.s. because they think by doing so they can lower their costs of production. in certain pockets of the u.s., the land will be much, much cheaper than china. the electricity rate, natural gas, the logistic costs. >> reporter: you can prob