Politics
US Senate panel approves bill to crack down on Chinese vehicles
Key Points
US Senate panel approves bill to crack down on Chinese vehicles July 22 : The U.S. Senate Commerce Committee approved legislation to toughen a U.S. government ban on Chinese automakers entering the American market that could potentially bar Mercedes-Benz from selling vehicles in the United States. Senator Ted Cruz, the chair of the committee, warned that without changes, the bill's provision that would ban companies with more than 15 per cent ownership of Chinese entities would bar...
US Senate panel approves bill to crack down on Chinese vehicles
July 22 : The U.S. Senate Commerce Committee approved legislation to toughen a U.S. government ban on Chinese automakers entering the American market that could potentially bar Mercedes-Benz from selling vehicles in the United States.
Senator Ted Cruz, the chair of the committee, warned that without changes, the bill's provision that would ban companies with more than 15 per cent ownership of Chinese entities would bar Mercedes-Benz from selling vehicles in the United States because of its nearly 20 per cent Chinese investment. Senator Bernie Moreno said Mercedes-Benz would have until 2030 to comply and could still get waivers if needed.