China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump Image Tesla would be the immediate big winner from the changes that China announced on Tuesday. As expected, China also took steps to impose steep duties on imports of sorghum from the United States, an action that could hurt farmers in states where Mr. Order Reprints | Today’s Paper | Subscribe Related Coverage Trump Doubles Down on Potential Trade War With China April 5, 2018 Image China Strikes Back at the U.S.
One thing Beijing could do is stop buying U.S. Travis Dove/Bloomberg/Getty Related Stories China Asks U.S. CURRENCIES: The dollar gained to 107.40 yen from Wednesday’s 107.24 yen. Trade Representative describes as discriminatory toward U.S. firms and a threat to U.S. trade. TRADE TENSIONS: China imposed preliminary tariffs of 178.6 percent on U.S. sorghum in an anti-dumping investigation. What to Read Next Did Air Force B-52 Bombers Just Practice an Attack on China?
It will not tolerate another decade of China mining the relationship for resources to seize technological leadership. Because few other countries export sorghum in significant amounts, China will probably turn to other grains, such as corn and barley, to supply livestock producers. ZTE buys microchips from Qualcomm ( QCOM ) and glass from Corning ( CNIG ) , and the company is the fourth biggest smartphone supplier in the United States.
Industrial production rose 6 percent in March, less than most economists had expected. Many American consumers and companies benefit from Chinese-made goods, and a number of economists doubt that Mr. Email us at [email protected] . But on Tuesday, China took a step to lower tensions, offering to make it easier for foreign automakers and aerospace manufacturers to own factories in the country.