Proposed Biden Chinese language automobile tech ban might lower as much as 25,000 US auto gross sales By Reuters
WASHINGTON (Reuters) – The Commerce Division mentioned Friday that new guidelines proposed to ban Chinese language linked automobiles and key Chinese language software program and car {hardware} in American automobiles might lower U.S. auto gross sales by as much as 25,841 automobiles per 12 months and lift costs.
U.S. automakers and others promoting in the USA “could also be much less aggressive within the world market due to the comparatively increased costs of their automobiles,” the division mentioned. It mentioned the regulation “might have noticeable results on car costs” and estimated between 1,680 and 25,841 fewer automobiles can be bought yearly due to the rule.
The division additionally estimated the rule might affect $1.5 billion to $2.3 billion in car inputs from Chinese language or Russian firms for automobiles bought in the USA.
