Posted 3/6/2024, 11:00:26 AM
Rubio Introduces Bills to Shield U.S. Auto Industry from Surge of Cheap Chinese Vehicle Imports
- Senator Rubio introduced 3 bills to protect American auto industry from cheap Chinese vehicle imports
- One bill closes loopholes that allow China to evade existing tariffs when exporting vehicles to the U.S.
- Second bill imposes $20,000 flat tariff on all Chinese vehicle imports
- Third bill requires electric vehicles qualify for federal incentives only if assembled in North America per USMCA rules
- Goal is preventing China from flooding U.S. auto market before it's too late with artificially inexpensive vehicles