U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), 13% cheaper than those it currently imports as it pushes sales in the fast growing market.
"America First is a fallacy," Mexican President Andres Manuel Lopez Obrador told U.S. President Donald Trump in a letter on Thursday, responding to a White House announcement it was imposing a blanket 5% tariff on all goods from Mexico from June 10.
Shares in Asia's major automakers and their suppliers sank on Friday after U.S. President Donald Trump threatened to slap tariffs on Mexican imports next month, potentially affecting vehicles made in Mexico and sold north of the border.
Mexican central bank board member Jonathan Heath said on Twitter Thursday night "this is a game changer," after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if the flow of illegal immigrants across the southern border is not stopped.
China's President Xi Jinping and U.S. President Donald Trump are likely to find it "difficult" to make major progress toward ending their countries' trade war when they meet at a G20 summit in Japan in June, a former Chinese central bank chief said on Friday.
U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines - from chardonnays to zinfandels - out of warehouses in the city's free trade zone before they are hit with an extra tariff that kicks in on Saturday.
U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until reaching 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
Fiat Chrysler Chief Executive Mike Manley sold shares in the car maker for $3.46 million on May 28, the day after the announcement of a merger proposal to French rival Renault, a regulatory filing showed.
KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday.
It should have been a good day for Mexico's veteran point man for trade with the rest of North America.
Ireland's Supreme Court on Friday dismissed a bid by Facebook to block a landmark privacy case, regarding the transfer of EU users' data to the United States, being referred to Europe's top court.
(This May 30 story Amends reference to Greyhound in second paragaph to "largest")