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Fintech

China Auto Body Probes US Chip Trade Policy for Discrimination

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Reuters

Key takeaways

  • A Reuters report indicates that the China Association of Automobile Manufacturers (CAAM) has initiated an anti-discrimination probe to assess the effects of U
  • trade policies on the automotive industry, specifically concerning semiconductor chips
  • In a formal statement, CAAM announced its request for automakers to submit their feedback for this investigation by October 13
A Reuters report indicates that the China Association of Automobile Manufacturers (CAAM) has initiated an anti-discrimination probe to assess the effects of U.S. trade policies on the automotive industry, specifically concerning semiconductor chips. In a formal statement, CAAM announced its request for automakers to submit their feedback for this investigation by October 13. This automotive industry body's action follows an earlier, independent investigation launched by China's Ministry of Commerce on September 13. The Ministry of Commerce's probe focuses on allegations of discrimination and dumping related to U.S. semiconductor chips and commenced just one day prior to a new round of U.S.-China trade discussions.

Related Topics

Chinaautomotive industryUS trade policysemiconductorsanti-discrimination probeCAAM

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