Connect with us

Hi, what are you looking for?

Fibonacci Tech News

US eyeing new rules to keep Chinese software out of cars

Photo by Jia Tianyong/China News Service/VCG via Getty Images

The US Commerce Department is expected to issue new rules in August placing limits on vehicle software that comes from China, according to Reuters.

The new rules come as the Biden administration ramps up its scrutiny of Chinese auto imports, in an effort to prevent the country from flooding the market with cheap electric vehicles.

While speaking at a forum in Colorado, Alan Estevez, who serves as Under Secretary of Commerce for Industry and Security, said that the department would propose rules that would require certain vehicle software be made in the US or by its trade partners. The rules would pertain to “key driver components of the vehicle that manage the software and manage the data around that car,” Estevez said, according to…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...