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Finalization of Rules to Limit Chinese Vehicle Technology Expected Next Week

share-iconFriday, January 10 comment-icon1 week ago 7 views
News sources:
reutersREUTERS
Finalization of Rules to Limit Chinese Vehicle Technology Expected Next Week

Credited from: REUTERS

  • The U.S. Commerce Secretary Gina Raimondo announced plans to finalize rules next week aimed at restricting Chinese vehicle software and hardware.
  • The initiative, proposed in September, targets national security concerns by potentially banning Chinese cars and trucks from the U.S. market.
  • New regulations will enforce software bans starting in the 2027 model year and hardware prohibitions in 2029.
  • Industry groups, including the Alliance for Automotive Innovation, have requested extensions on compliance deadlines to conduct further testing.
  • The White House approved the final rule, amidst broader trade tensions with China involving tariff hikes on vehicle imports.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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