The Joe Biden administration is reportedly considering implementing stringent restrictions besides tariffs on the import of Chinese ‘smart car’ products and related components, in a move geared towards allaying burgeoning concerns surrounding data security.
What Happened: The proposed restrictions would target electric vehicles (EVs) and their components from China, irrespective of where they are assembled, Bloomberg reported, citing people familiar with the matter. The aim is to thwart Chinese manufacturers from infiltrating the American market via other countries such as Mexico. The proposed restrictions may also extend to countries besides China that pose data …
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