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Trump hits China with fresh tariffs, threatens more if Beijing retaliates

WASHINGTON/TIANJIN (Reuters) – U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. China is reviewing plans to send a delegation to Washington for fresh talks in light of the U.S. decision, the South China Morning Post reported on Tuesday, citing a government source in Beijing, raising the risk of a prolonged trade battle between the world’s largest economies that could hit global growth. U.S. trade actions against China will not work as China …read more […]

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Audi launches electric SUV in Tesla’s backyard, with assist from Amazon

German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 (£57,656) before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG (VOWG.DE) brands, as well as other European premium brands including Daimler-owned (DAIGn.DE) Mercedes-Benz, BMW (BMWG.DE), Volvo …read more […]