U.S. Senate committee advances legislation restricting Chinese-linked vehicle manufacturers

A U.S. Senate committee has approved a bill targeting automotive companies with over 15% Chinese ownership, marking an escalation in efforts to decouple the U.S. auto supply chain from China. The legislation's final scope and potential impact on existing joint ventures remain uncertain as it moves toward a full floor vote. This move signals a hardening of bipartisan protectionist policy regarding critical industrial sectors.