HawkInsight

  • Contact Us
  • App
  • English

US House passes bill targeting China! White House opposes!

The U.S. House of Representatives narrowly voted 217-192 to pass an electric car bill that would prohibit people from buying Chinese-made, assembled electric cars from receiving tax credits.。The White House issued a statement opposing the bill, saying it added "new, unclear, and unworkable restrictions" to the Inflation Reduction Act's tax breaks and would instead punish U.S. consumers and automakers.。Democratic Congressman Kirdy: Imposing new restrictions will force the auto industry and battery manufacturers to withdraw investment in the United States and instead rely on China again, and it will be more difficult for the United States to compete with China。AAI CEO Bozella: If the incentives are removed, the auto industry base will face serious economic and national security risks, and U.S. competitiveness will decline.。

·Original

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.