The U.S. Department of Commerce plans to issue new restrictions on Chinese vehicle software in August, Reuters reported on Tuesday.
The rules reflect the Biden administration’s toughening stance on China’s auto industry, which has emerged in recent years as a global powerhouse in electric vehicle and battery manufacturing. In May, the U.S. announced new 100% tariffs on Chinese electric cars in the hopes of protecting domestic automakers from a deluge of inexpensive (and, importantly, high quality) imports.
Biden’s crackdown on Chinese cars
The White House…
