The Pentagon has added several prominent Chinese businesses to its list of Chinese military companies. The move prevents them from securing U.S. defense contracts.
Chinese-made electric vehicles, supposed to be priced out of the U.S. by tariffs due to security and undercutting concerns, are pouring into the U.S. via a Mexican trade loophole.
Chinese-made electric vehicles, supposed to be priced out of the U.S. by tariffs due to security and undercutting concerns, are pouring into the U.S. via a Mexican trade loophole. PULSE POINTS WHAT HAPPENED: Chinese-made cars, supposed to be priced out of the U.S. by 100 percent tariffs, are appearing in increasing numbers on American roads near the southern border . These vehicles are being driven across from Mexico, where Chinese brands like BYD and Geely are legally sold without tariffs. DETAIL: The loophole arises from drivers crossing the border from Mexico into U.S. cities like El Paso, bringing Chinese vehicles that are significantly cheaper than their American counterparts. For example, the Geely EX2 starts at just over $10,000,…Open
Geely is challenging the giant BYD by adapting quickly to swings in demand and energy prices, seizing on interest in electric vehicles prompted by the war in Iran.
The move was a tacit acknowledgment of China’s dominance in the global market and the power of its automakers to keep prices low.