Gallagher on Treasury's New EV Guidelines: "Will Increase our Dependence on Communist China"

WASHINGTON, DC – Rep. Mike Gallagher (R-WI), Chairman of the House Select Committee on the Chinese Communist Party, released the statement below on Treasury's newly released guidelines, that would exempt some critical minerals from rules barring materials from China and other countries deemed a "Foreign Entity of Concern.

“At a time when China is using massive subsidies to undercut US manufacturers and throttle the global market for battery components, Treasury’s naive new regulations would open the floodgates for American tax dollars to flow to Chinese companies complicit in trade violations and forced labor abuses. Instead of securing critical supply chains and protecting vital American industries, Treasury’s rules will sell out American workers and increase our dependence on Communist China. The irony is that this is also terrible news for Chinese workers as the Treasury is all but green-lighting their continued exploitation.”