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Ford CEO Jim Farley cautioned U.S. politicians against rapidly opening the domestic market to Chinese automakers, pointing to Europe as a region where competitive inroads have already taken hold.
President Donald Trump announced he has approved new fuel economy standards, rolling back Biden-era rules that required automakers to reach roughly 50 mpg by 2031.
A unified coalition of American automakers, suppliers, and lawmakers is pushing to keep trade restrictions on Chinese vehicle manufacturers ahead of talks between President Donald Trump and Chinese President Xi Jinping.
