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Search Results: keywords:"25% ownership threshold"

  • The bill S. 3863, titled the “Closing Auto Tariffs Loopholes Act,” aims to clarify the country of origin for certain passenger motor vehicles. It specifies that, starting 180 days after the bill is enacted, any vehicles related to heading 8703 of the U.S. Harmonized Tariff...

    Simple Explanation

    The bill wants to make sure everyone knows where some cars come from, especially if they're made by countries the U.S. doesn't trust, like China or Russia, so they can treat these cars as if they're from those countries.