Autonomous Vehicle Industry Could Thrive Under Biden Despite Competition From China
ver the past two years, China and the U.S. have been fully engaged in a trade war as a result of tariffs imposed by President Donald Trump claiming unfair trade practices. This had led to rising tensions between the two countries and countless tariffs on goods and products worth billions of dollars. While a trade deal seemed promising earlier this year, conversations between the two have since been paused.
Although the current progress between the U.S. and China seems to be optimistic, as President-elect Joe Biden transitions into office, it is unknown how he will approach the U.S.’ eastern rival and if he’ll be able to mend relations or if they’ll only worsen.
Biden says he’ll be tough on China, and we can expect the relationship to have a significant impact on various industries, in particular, the automotive industry as it pertains to the development of autonomous vehicles (AV). The U.S. has shown that it can be a leader in the AV space, but Biden’s relationship with China will be critical to ensure that the U.S. remains at the head of the pack.