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A proposed law advancing in the US Senate would bar companies with "significant Chinese ownership" from selling goods in the United States.
That phrase, the bill's operative term, means a Chinese government-linked entity holds a stake in a company large enough to meet the legislation's threshold.
Mercedes is among the automakers identified as at risk, and a Senate Commerce Committee panel is preparing to vote on the measure. What the bill would do A tariff raises the cost of entering the US market.
This bill removes the right to enter it at all. A company found to meet the bill's ownership definition would be barred from selling to American buyers, regardless of where it is headquartered or what it makes.
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