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🚗 BOZZELLA:
THE T-MEC IS A KEY PLATFORM TO COMPETE AGAINST CHINA IN THE AUTOMOTIVE SECTOR 🌎🏎️
🌎 The T-MEC as a Competitiveness Platform
John Bozzella, president and CEO of the Alliance for Automotive Innovation, said that the trilateral agreement between the U.S., Canada, and Mexico (USMCA/T-MEC) is essential as a competitiveness platform to protect and boost the automotive industry in North America in the face of China’s global advance, according to Bloomberg.
📜 Exemptions for Equity Participation
Bozzella analyzed the legislative proposal to bar Chinese vehicles and warned about its indirect implications: brands such as Mercedes-Benz would need to apply for a special regulatory exemption due to the equity stake held by Chinese state-backed investors in their corporate structure.
#TMEC #AutomotiveIndustry #China #MercedesBenz #BinanceSquare
$BTC
$BNB
$ETH
THE T-MEC IS A KEY PLATFORM TO COMPETE AGAINST CHINA IN THE AUTOMOTIVE SECTOR 🌎🏎️
🌎 The T-MEC as a Competitiveness Platform
John Bozzella, president and CEO of the Alliance for Automotive Innovation, said that the trilateral agreement between the U.S., Canada, and Mexico (USMCA/T-MEC) is essential as a competitiveness platform to protect and boost the automotive industry in North America in the face of China’s global advance, according to Bloomberg.
📜 Exemptions for Equity Participation
Bozzella analyzed the legislative proposal to bar Chinese vehicles and warned about its indirect implications: brands such as Mercedes-Benz would need to apply for a special regulatory exemption due to the equity stake held by Chinese state-backed investors in their corporate structure.
#TMEC #AutomotiveIndustry #China #MercedesBenz #BinanceSquare
$BTC
$BNB
$ETH
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