financetom
Technology
financetom
/
Technology
/
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
Oct 28, 2024 11:12 AM

WASHINGTON (Reuters) - The Mexican government on Monday raised concerns about the Biden administration's proposal to prohibit key Chinese software and hardware in connected vehicles on American roads due to national security concerns.

Mexico's economy ministry said in a filing with the U.S. Commerce Department the proposal could have a "substantial impact on Mexico's automotive industry. Economically, it poses potential trade barriers, disruptions to supply chains, increased production costs, and a possible risk of reduced direct and indirect employment."

Automaker and tech groups separately on Monday asked the administration for changes and for more time before the rule takes effect.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nvidia, Taiwan Semiconductor, AMD, Rumble, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Nvidia, Taiwan Semiconductor, AMD, Rumble, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Dec 23, 2024
The U.S. stock market ended in the green on Monday. The Nasdaq Composite gained over 100 points, reflecting a nearly 1% increase to 19,764.88. Meanwhile, the Dow Jones Industrial Average saw an increase of 0.2%, closing at 42,906.95. The S&P 500 also experienced a rise, gaining 0.7% to reach 5,974.07. These are the top stocks that gained the attention of retail traders and investors throughout the...
China plans $411 billion special treasury bond issuance next year, sources say
China plans $411 billion special treasury bond issuance next year, sources say
Dec 23, 2024
(Reuters) - Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp increase from this year's 1 trillion yuan and...
A Look Into Apple Inc's Price Over Earnings
A Look Into Apple Inc's Price Over Earnings
Dec 23, 2024
In the current market session, Apple Inc. ( AAPL ) stock price is at $254.02, after a 0.18% drop. However, over the past month, the company's stock spiked by 8.07%, and in the past year, by 31.58%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the...
Here's How Much $100 Invested In Guidewire Software 10 Years Ago Would Be Worth Today
Here's How Much $100 Invested In Guidewire Software 10 Years Ago Would Be Worth Today
Dec 23, 2024
Guidewire Software ( GWRE ) has outperformed the market over the past 10 years by 1.8% on an annualized basis producing an average annual return of 12.9%. Currently, Guidewire Software ( GWRE ) has a market capitalization of $14.36 billion. Buying $100 In GWRE: If an investor had bought $100 of GWRE stock 10 years ago, it would be worth...
Copyright 2023-2026 - www.financetom.com All Rights Reserved