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Commerce Department Investigation

All articles tagged with #commerce department investigation

politics1 year ago•1 min saved

"US Launches Probe into Security Risks of Chinese Electric Vehicles and Smart Car Components"

President Biden has initiated a Commerce Department investigation into the potential security threats posed by internet-connected Chinese electric vehicles, citing concerns that their operating systems could transmit sensitive information to Beijing. This move is part of a broader effort to prevent the influx of low-cost Chinese electric vehicles into the American market, which could potentially impact domestic automakers. The investigation follows discussions with Detroit automakers, union autoworkers, and Tesla, and reflects the administration's aim to support American automakers in the electric vehicle market.

via The New York Times|

#automotive-industry #biden #chinese-electric-vehicles

business2 years ago•2 min saved

US Imposes Tariffs on Chinese Solar Panel Companies for Evading Duties

The US Commerce Department has concluded a year-long investigation into Chinese solar panel companies and found that five of them have been evading US tariffs by routing their operations through Southeast Asian countries. The companies identified as skirting the tariffs are BYD Hong Kong, Canadian Solar, New East Solar, Trina, and Vina Solar. The investigation also determined that three other solar manufacturers, Hanwha, Jinko, and Boviet, were in compliance with US laws. However, the additional tariffs will not be imposed until June 2024, as President Joe Biden waived the tariffs on solar panels last summer for a two-year period. The investigation was launched after a complaint filed by US-based company Auxin Solar, which alleged that some companies in Southeast Asia were avoiding tariffs.

via CNN|

#business #chinese-manufacturers #commerce-department-investigation