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Recent Editions
Risk Channel
North America
The Alliance for Automotive Innovation has called on Congress to pass legislation permanently barring Chinese vehicles from the U.S. market before the end of the year. "Right now, Chinese automakers are dumping subsidized vehicles with connected software and hardware around the world," the group's CEO John Bozzella wrote in a letter to Congress. "This hasn’t happened inside the U.S. yet, but given the scale and urgency of this threat, we urge you to enact a Chinese vehicle, software and hardware ban before adjourning this year and make this policy the law of the land." The alliance represents General Motors, Ford, Toyota, Volkswagen, Hyundai, Honda, Stellantis and other major automakers.
Full Issue
Risk Channel
UK/Europe
Industry trade body Eurometal has said the European industrial sector could lose around 300,000 jobs by the end of the year if the EU doesn't curb the replacement of European suppliers by Chinese manufacturers. The group warned that China is moving deeper into European supply chains by selling finished components, threatening production, investment, jobs, and industrial know-how. Eurometal argues that European producers face carbon costs and steel import tariffs that Chinese components often avoid. Alexander Julius, the president of Eurometal, told the Guardian: “China has made no secret of what it is doing. It is in their five-year plan . . . China doesn’t want to be a raw material supplier, it wants to be a finished product supply. They want to be in key product supply chains because they know that once they control the supply chain, they own the complete value chain.”
Full Issue
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