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Industry

Trump says Chinese cars could be sold if made in U.S., clashing with 100 percent tariff and sales curbs

U.S. President Donald Trump said he could accept Chinese automakers entering the United States if they build plants and make vehicles locally. The stance sits uneasily with existing U.S. restrictions, including a 100 percent tariff on China-made cars and rules limiting U.S. sales of vehicles using China-developed software or hardware, set to apply from 2027 and 2030. Politicians and officials have also raised concerns about China-linked auto and battery supply chains.

Crypto

White House discusses bipartisan compromise on ethics rules as U.S. CLARITY bill faces late hurdle

The Trump administration is working on a bipartisan compromise on public ethics rules tied to the CLARITY bill, a U.S. digital asset market-structure proposal. The White House is discussing terms reflecting demands from both Democrats and Republicans as ethics provisions emerge as a key sticking point for Senate passage. The Senate has yet to move toward ending debate or placing the bill on its formal agenda, and other business is scheduled ahead of an Aug. 10 recess.

Crypto

U.S. Senate Clarity Act vote deadline nears as Republicans push back on Democratic demands

The U.S. Senate’s cryptocurrency regulation bill known as the Clarity Act has re-entered a voting phase ahead of a recess. Republican lawmakers have criticised Democrats for delaying action, while some Democratic senators say the bill’s wording needs further revision. Senators have two days to move to a vote before the break. Bill Hagerty said the United States should not fall behind in digital asset regulation.