Auto industry groups urge Trump to keep Chinese autos out of US [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: Yahoo! Finance
of the U.S., ?raising concerns ahead of President Donald Trump's planned meeting with Chinese ?President Xi Jinping, according to a letter seen by Reuters. The groups raised "serious concerns about China's ongoing efforts ?to dominate global automotive manufacturing and to gain access to the U.S. market. These actions pose a direct threat to America's global competitiveness, national security, and automotive industrial base." A 2025 U.S. Commerce Department cybersecurity regulation effectively keeps nearly all ?Chinese vehicles out of ?the U.S. market and the five groups representing automakers, car dealers and parts manufacturers said it should be maintained. The Chinese ?Embassy in Washington did not immediately comment. "We also strongly urge the Administration to reject any attempt by Chinese manufacturers to circumvent these existing restrictions by establishing production ?facilities ?in the U.S.," said the letter dated ?Thursday from the Alliance for ?Automotive Innovat
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