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Hurting others does not benefit oneself! Biden plans to ban china's internet-connected car software and hardware. US Department of Commerce: may cause a decline in US auto sales.
The data from the U.S. Department of Commerce shows that if the proposed restrictions on China's networked vehicle software and hardware, as well as related regulations on complete vehicles, are implemented, U.S. auto sales could decrease by up to 25,841 vehicles per year, while car prices may increase, further raising the cost of living for American consumers.
Options Market Statistics: China Stocks Surge on New Economic Stimulus Measures, BABA Options Pop