The U.S. government is dangerously vulnerable to Chinese espionage or cyberattack because of its dependence on electronics and software made in China, a risk that threatens to grow as Beijing seeks global technological dominance, according to a study for a congressionally chartered advisory commission.
China is looking to catch up with rivals like the United States and Germany in high-end technology, making a major push with a “Made in China 2025” strategy that identifies 10 key sectors, including robotics, aerospace and clean-energy cars.
Auto manufacturers could face potentially significant supply chain disruption when it comes to batteries for electric vehicles, according to an insurance broker.
China will let foreign automakers from Volkswagen AG to Ford Motor Co. own more than 50 percent of local ventures, removing a two-decade restriction and giving a boost to global companies seeking to capture a greater share of the world’s largest car market.
The fight over how far President Trump will go to protect America's steel and aluminum industries now rests largely in the hands of Commerce Department officials, who face a flood of applications from American companies seeking exemptions from Trump's newly imposed tariffs.