In an interview aired Friday on CNBC’s “Closing Bell: Overtime,” Commerce Secretary Gina Raimondo said further steps “probably” need to be taken to prevent Chinese-made electric vehicles from flooding the market. “There are national security concerns,” he said. Electric car. “
asked co-host Morgan Brennan. saying China’s low-cost EVs will become an “survival issue” in just a few days. We know that Europe is working on this issue. The US already imposes tariffs on EV imports from China. Need to take further action? ”
Raimondo replied: I share that concern. By the way, I have national security concerns regarding electric vehicles. Electric cars are equipped with sensors and semiconductors. They know a huge amount of data about who is driving and where they are driving. Chinese EVs are driving on our roads, but is their data returning to Beijing at the expense of national security? We are seriously considering it. Moreover, listen to you, I have always maintained that Americans can compete when there is a level playing field. And we have a situation where China distorts market dynamics with subsidies and low cost of capital. So I know the president is deeply concerned about both of these issues and the administration is also thoughtful. We want to get things right, but look at what can and must be done to protect Americans. ”
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