• In US-China tariff fight, German autos are unlikely victims

    6 monthes ago - By Chron

    DETROIT - If a trade dispute between the U.S. and China escalates and both countries raise tariffs, American automakers won't suffer that much. But German luxury automakers BMW and Mercedes will.
    BMW exports about 87,000 luxury SUVs from a factory near Spartanburg, South Carolina. Mercedes ships up to 75,000 more from Tuscaloosa County, Alabama.
    Analysts say if the tariffs are doubled to 50 percent as China has threatened, BMW and Mercedes could be forced to move production to China or elsewhere. That could cost American jobs.
    On Tuesday, China President Xi Jinping indicated his country...
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  • Wall Street Opens Higher as Xi Soothes Trade War Fears

    6 monthes ago - By NY Times

    Wall Street opened higher on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
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  • U.S.-China Talks Said to Have Stalled on High-Tech Industry

    6 monthes ago - By Fortune

    Trade talks between the world's biggest economies broke down last week after the Trump administration demanded that China curtail support for high-technology industries, a person familiar with the situation said, signaling that a resolution may be some ways off.
    Liu He, a vice premier overseeing economics and finance, told a group of officials Thursday that Beijing had rejected a U.S. request to stop subsidizing industries related to its "Made in China 2025" initiative, the person said. The U.S. has accused China of using the policy to force companies into transferring technology in areas...
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  • Stocks jump as China's president eases trade fight fears

    6 monthes ago - By Chron

    NEW YORK - Stocks are rising on Wall Street Tuesday after Chinese President Xi Jinping offered possible concessions in a trade dispute with the U.S. Xi promised to reduce China's tariffs on imported cars and to improve intellectual property protection, steps that could help the U.S. and China reduce recent tensions over trade. The Dow Jones industrial average rose as much as 400 points in early trading.
    KEEPING SCORE: The S&P 500 index surged 29 points, or 1.1 percent, to 2,642 as of 9:45 a.m. Eastern time. The Dow gained 362 points, or 1.5 percent, to 24,341. The Nasdaq composite added 75...
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  • Wall Street opens higher as tech stocks gain

    6 monthes ago - By Reuters

    Wall Street opened higher on Tuesday, led by technology stocks, after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
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  • ‘No one wins' from a trade war, and Wall Street is underestimating the risk, Stephen Roach warns

    6 monthes ago - By CNBC

    Former Morgan Stanley Asia Chairman Stephen Roach says a trade war could hurt the U.S. more than China.
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  • Xi Says China To Lower Trade Barriers As Beijing Files WTO Complaint Against U.S

    Xi Says China To Lower Trade Barriers As Beijing Files WTO Complaint Against U.S

    6 monthes ago - By NPR

    The Chinese president told a group of investors and regional leaders gathered in Hainan that his country would "significantly" lower tariffs on imported automobiles and other products.
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