Rising trade tensions are pushing Chinese car-wheel maker Wanfeng Auto Holding Group to seek further acquisitions in the US to help localize more production and cut its reliance on imports. The auto parts supplier is in talks to buy a machinery company in the US, and is open to purchasing a business in the financial industry, Wanfeng Chairwoman Chen Ailian, 59, said in an interview. “The U.S. is now very eager to revitalize its manufacturing,” Chen said in Beijing on the sidelines of the annual legislature meeting. “Customs taxes can be highly variable and hard to predict. The problem won’t exist after acquisitions because you build where you sell.” According to Bloomberg, buying businesses in the US and producing locally could help Chinese companies gain a foothold in the US at a time of rising tensions between the two nations.