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China will impose anti-dumping tariffs on imports of hydroiodic acid from the United States and Japan.
Ford's sales in China dropped by 43% in September compared with the same month in 2017. The drop was attributed to a combination of Ford's restructuring, a slowing Chinese economy, and the growing US-China trade war.
A trade war between the US and China has been heating up this year, with the US levying tariffs on $250 billion of imported goods from China and China retaliating with tariffs on $110 billion of US goods.
JCPenney stole the CEO of Joann Stores as she was in the midst of mounting a furious campaign against Trump’s tariffs
JCPenney announced on Tuesday that Jill Soltau, most recently the CEO of Joann Stores, would be taking over as chief executive. As Joann's CEO, Soltau has been a vocal critic of President Donald Trump's tariffs on Chinese goods, telling Business Insider that they act as a "made in America tax."
China said it would cut import tariffs on numerous non-US goods, in a move most likely designed to protect Chinese customers against the escalating conflict with the Trump administration.
JCPenney's counsel is predicting that the Trump administration's tariffs on Chinese goods will adversely impact the chain's middle class shoppers — and hasten the retail apocalypse.
Stocks were mostly lower Monday as trade tensions and political turmoil rattled markets, days after the Dow Jones industrial average and S&P 500 had hit record highs. The dollar was mostly unchanged against a basket of peers, and Treasury yields jumped.
Turkey's currency rallied Monday amid reports Turkey could release an American whose controversial imprisonment has been at the center of an ongoing feud between Ankara and Washington.
Chinese tech stocks are getting slammed after China accused the US as a trade bully and canceled trade negotiations
China accused US of being a trade bully and attacked the "protectionist" practices of the Trump administration on Monday, hours after a new round of tariffs went into effect. China canceled trade talks with the US that were planned for the coming days.
Beijing released a white paper Monday attacking what it called the "protectionist practices" and "trade bullyism practices of the U.S. administration." It said negotiations between the two sides couldn't take place "under the threat of tariffs."