US Senators Delay Chinese Car Ban Vote
US lawmakers supporting a permanent legislative ban on Chinese vehicles will delay seeking approval until the Senate returns from recess in November. Supporters failed to resolve concerns from holdout Senator Rand Paul regarding Mercedes-Benz.
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Two lawmakers in the United States delayed a legislative push for a permanent ban on Chinese vehicles until November, congressional aides said on a Wednesday. The postponement follows a legislative roadblock over ownership rules affecting Germany carmaker Mercedes-Benz Group AG. Investors are tracking the legislative timeline as trade tensions between China and Washington persist.
