The proposed ban would target specific components, including engine parts, transmissions, and braking systems, from companies like BYD, Geely, and Great Wall Motors. These companies are among the leading manufacturers of electric vehicles (EVs) in China. The U.S.
* The U.S. government is considering banning the sale of Chinese-made vehicles. * The ban is being considered due to concerns about national security and the potential for Chinese companies to gain access to critical infrastructure. * The ban would also provide personal security benefits for U.S. drivers. **Detailed Text:**
The United States government is currently engaged in a critical debate regarding the potential ban on the sale of Chinese-made vehicles.
“We’ll secure our cars and we’ll secure the American people, including our children, from potential surveillance, remote access and control, and protecting Americans from bad actors and trying to give every American peace of mind,” Raimondo said on the call. Raimondo also pointed to Europe as a “cautionary tale.” Nearly 500,000 Chinese-made cars are driven on European roads, according to a report from Jato Dynamics, which studies the industry. And this summer, in a separate report, Jato said Chinese automakers overtook their U.S. rivals in overall sales, selling 13.4 million to America’s 11.9 million vehicles. Despite the economic impact this proposed rule would have, Raimondo said it wasn’t a driving force.
“This is not about trade or or economic advantage,” Raimondo said. “This is a strictly national security action.” Yet, Lael Brainard, Biden’s national economic adviser, highlighted the economic impact this rule would have on American workers. “The Biden-Harris administration believes the future of the auto industry is made in America by American workers, and today’s announcement ensures that Americans can drive the car of their choice safely and securely free from risks posed by Chinese technology,” Brainard said. In May, Biden levied a 100% tariff on Chinese electric vehicles. “I’m determined that the future of electric vehicles be made in America by union workers. Period,” Biden said.
The rule will require businesses to disclose their political spending. This rule is part of a larger effort to increase transparency in government and business. The rule is expected to have a significant impact on the influence of corporations and wealthy individuals in politics. It is anticipated that this will lead to increased scrutiny of their political activities and potentially limit their ability to exert undue influence.