Some Chinese car companies are still hoping to enter U.S. markets, despite proposed restrictions that are thought to be a fatal blow to their global ambitions.
A NIO ES6 electric vehicle on display outside Nio's North American headquarters and Innovation Center in San Jose, California, September 9, 2019. Credit: Sundry Photography via Adobe Stock
As the sun sets on the Biden administration, it is preparing one last maneuver that could prevent Chinese cars from driving on American roads for years to come.
An excerpt from the Commerce Department's proposed rules on 'information and communications technology and services' (ICTS) and connected vehicles. Source: Bureau of Industry and Security
The Department of Commerce is currently finalizing a rule to make it illegal to import or sell cars, trucks, and buses in the United States
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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