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Proposed Biden Chinese car tech ban could cut up to 25,000 US auto sales

By Yahoo! Finance   |   Sep 27, 2024 at 12:30 PM EST
Proposed Biden Chinese car tech ban could cut up to 25,000 US auto sales

Proposed rules by the Commerce Department could lead to a ban on Chinese technology in American cars, potentially reducing U.S. auto sales by up to 25,841 vehicles annually and increasing prices. The regulation may impact vehicle prices and decrease sales, affecting global competitiveness and input sourcing.

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