U.S., China agree to slash tariffs for 90 days in step back from decoupling brink
Trade Representative Jamieson Greer, left, said the U.S. wants to have more balanced trade with China and “our Chinese counterparts clearly came to deal this week.” To the right is Treasury Secretary Scott Bessent. (BLOOMBERG)
Automakers and dealers that are in states adopting California’s Advanced Clean Cars II rule – which sets ambitious, annually escalating ZEV sales mandates and threatens stiff penalties for noncompliance – face a daunting challenge