ANALYSIS-The politics and economics behind Biden’s China-car espionage probe
From Nasdaq:
President Joe Biden launched an investigation into potential Chinese vehicle spying on Americans. The probe cites national security risks from “connected” cars. Industry fears competing with Chinese EVs, which surpass U.S. offerings. The administration seeks to ensure American auto industry future. Experts worry about protectionism and global supply chain disruption.
The U.S. auto industry is concerned about Chinese spying via EVs. Washington probes this issue, although it involves few Chinese cars currently. Critics see the move as political and an effort to demonstrate strength against China. Trade barriers against Chinese automakers are urged. Biden aims to support union manufacturing jobs.
Biden continues a tough stance on China, popular in Michigan, a key battleground state. Foreign-made EVs pose an economic and security threat. Pressure increases with China’s EV exports and technological advancements. Biden faces complex policy decisions balancing environmental goals and trade restrictions. Proposed regulations aim to boost U.S. EV market share to 67% by 2032.
Security concerns rise regarding Chinese cars as the U.S. mulls anti-China trade barriers. Officials fear high-tech cars could be used for espionage or malicious actions. Commerce Secretary Raimondo warns of potential disabling of Chinese vehicles on American roads by Beijing. She highlights privacy invasions and data vulnerability in connected vehicles.
Experts express concerns about espionage threats related to high-tech Chinese cars. Commerce Secretary raises fears of Chinese connected vehicle disruptions in the U.S. Sensor-equipped cars could compromise sensitive data, exposing private information. Chinese automakers’ state ties and government control heighten security implications. National security worries persist regarding the blurring of public and private sectors in China’s auto industry.
Read more at Nasdaq: ANALYSIS-The politics and economics behind Biden’s China-car espionage probe