• The Latest: China raises tariffs on optical fiber materials

    2 monthes ago - By Chron

    BEIJING - The Latest on trade tensions between China and the U.S. and other foreign trading partners :
    7:00 p.m.
    China has stepped up action against some U.S. goods by announcing anti-dumping duties on raw materials used in making optical fibers.
    The Commerce Ministry said Tuesday that optical fiber preforms from the United States will face additional duties of 37.9 to 78.2 percent for five years.
    It said Corning was among the companies that would be affected by the higher duties.
    2:00 p.m.
    A business group says European companies that export from China are changing the global flow of...
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  • Tesla is reportedly planning to build a plant in China that produces 500,000 vehicles a year

    Tesla is reportedly planning to build a plant in China that produces 500,000 vehicles a year

    2 monthes ago - By Business Insider

    Tesla plans to build a plant in China that can produce 500,000 vehicles a year, Bloomberg says.
    The report comes a day after Electrek said the electric-car maker raised prices of its Model S and Model X vehicles produced in China by more than $20,000 apiece.
    Watch Tesla trade in real time here .
    Shares of Tesla are rallying Tuesday morning, up about 2%, after a report says the electric-car maker is planning to build a factory in China that can produce 500,000 vehicles a year.
    Bloomberg's report, which cites people familiar with the plans, says Tesla will sign a memorandum of understanding...
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  • Theresa May Brexit, Serena Williams Mom Guilt, Ivanka Trump Tariffs: Broadsheet July 10th

    2 monthes ago - By Fortune

    Good morning, Broadsheet readers! The U.S. is being accused of blackmail over breast milk, Serena Williams has mom guilt, and Theresa May readies for the political fight of her life. Have a meaningful Tuesday!
    EVERYONE'S TALKING May-day? U.K. Prime Minister Theresa May's pursuit of a "softer" Brexit just got way harder.
    Two hardline members of May's Cabinet resigned in recent days. Brexit Secretary David Davis stepped down Sunday, and the U.K.'s eccentric Foreign Secretary Boris Johnson departed his role Monday.
    Both resignations were likely in protest of the prime minister's "soft...
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  • Tesla ups China car prices for tariffs-Report

    2 monthes ago - By Reuters

    Tesla raised prices on its Model X and S cars by more than $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions.
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  • China raises tariff rates for some U.S. optical fiber products, from July 11

    2 monthes ago - By Reuters

    China's commerce ministry said on Tuesday it is raising "anti-dumping tariff rates" for some optical fiber products originating from the United States, effective on Wednesday, July 11.
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