
(Photo by -/AFP via Getty Images)
Chinese car manufacturer BYD's stacked electric vehicles wait to be loaded onto a ship at the international container terminal of Taicang Port at Suzhou Port in China's eastern Jiangsu province on Sept. 11, 2023.
The United States, the European Union and other Western countries will likely restrict the sale of Chinese cars and auto supplies in their domestic markets to reduce national security and economic risks. Over the last six months, the automotive industry — particularly electric and connected vehicles — has become the latest front between China and the West over strategic competition as Western governments look to restrict China's role in the sector. U.S. Treasury Secretary Janet Yellen arrived in China on April 3 for five days of face-to-face discussions with Chinese officials over several issues, including U.S. concerns about Chinese subsidies contributing to growing EV production capacity that could flood global markets.