TRUMP ADMIN BLOCKS POLESTAR EV SALES IN US

The decision marks an escalation in trade tensions between the Trump administration and Chinese automakers. Polestar, owned by Chinese parent company Geely, sought permission to keep its U.S. operations running but was rejected by the Commerce Department. The move aligns with the administration's stated goal of limiting Chinese influence in the American automotive sector. Without the authorization, Polestar cannot legally sell new EVs domestically. Polestar has maintained U.S. operations as a luxury EV brand, competing in the premium electric vehicle market alongside Tesla and other manufacturers. The company has not yet announced plans to challenge the decision or wind down American sales. This follows broader restrictions on Chinese automakers entering U.S. markets, part of wider trade policy under the current administration. Other Chinese EV manufacturers face similar barriers to market entry.