US lawmakers are examining a bill that would bar automakers with ties to foreign adversary states from the US market. This could hurt Mercedes business, as the company has partial Chinese ownership.
The provision is part of a broader auto industry bill package. It passed a key committee in the US House of Representatives last week. It would prohibit the sale or production of vehicles in the US by companies that are at least 15 percent owned by states or actors from foreign adversary states such as China.
The draft law is not yet passed. It must first be merged with other transportation policy bills before the House votes. The Senate would then also need to approve it.
Mercedes, a traditional German luxury automaker, could nevertheless be affected. The measure aims to limit Chinese influence in the US auto industry.
