Former President Donald Trump has proposed a compromise allowing Chinese electric vehicle manufacturers to produce cars in the U.S. using American labor, while keeping restrictions on directly importing Chinese-made vehicles. The move comes as automakers like BYD, which has announced plans to expand its U.S. operations, navigate shifting trade policies. Industry officials, including executives from Chinese firms, have expressed interest in local production to comply with evolving regulations. The proposal highlights ongoing tensions between economic incentives and national security concerns in the automotive sector.
Trump says he would allow Chinese automakers to build EVs in the U.S. with American workers but will maintain the ban on imported Chinese vehicles. Executive Park Min-woo says the automaker will ...
