The Biden administration is
contemplating limiting imports of Chinese language “smart cars” and
associated elements, citing considerations about information
safety.
Bloomberg carried the report (gated). The “in a nutshell” model
- measures would additionally apply to electrical automobiles
- and likewise to elements
originating from China, irrespective of the place they’re assembled - in an effort to forestall Chinese language makers from shifting vehicles and elements
into america by way of third nations resembling Mexico - measures might additionally apply to different nations about which
the U.S. has information considerations
I reckon you would not be too far off the mark for those who suspect the measures are to guard US auto sector jobs.
This text was written by Eamonn Sheridan at www.forexlive.com.
