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How China won Trump s good and easy to win trade war

HONG KONG/BEIJING (Jan 12): US President Donald Trump famously tweeted that “trade wars are good, and easy to win” in 2018, as he began to impose tariffs on about US$360 billion of imports from China. Turns out he was wrong on both counts.

Missing Chips Snarl Car Production at Factories Worldwide

Missing Chips Snarl Car Production at Factories Worldwide Bloomberg 1/12/2021 Debby Wu © Bloomberg Cupra Formentor automobiles move along the production line at the Seat SA, a unit of Volkswagen AG, Martorell plant near Barcelona, Spain, on Tuesday, Sept. 29, 2020. European car sales plunged by nearly a fifth in August, dashing hopes that the industry was starting to recover from the pandemic and suggesting that the market could remain depressed through year-end. (Bloomberg) More than a year after its outbreak, the coronavirus keeps finding new ways to hit carmakers. Popular Searches After first wiping out auto demand, the virus is now hindering parts supply: chips used in vehicles are harder to come by because semiconductor manufacturers allocated more capacity to meet soaring demand from consumer-electronics makers such as Apple Inc.

Chinese Companies, US Investors Could Accelerate Decoupling Amid NYSE Delisting

China s new rules amp up pressure on US businesses

China’s new rules amp up pressure on US businesses Premium The rules include blocking Chinese companies like Huawei from obtaining certain components made by US or foreign suppliers or US technology (REUTERS) Stella Yifan Xie Share Via Read Full Story Hong Kong: Beijing hit back against recent US restrictions targeting Chinese companies, saying it plans to ban Chinese firms and citizens from complying with foreign laws and sanctions it deems “unjustified. Beijing’s new rules, released Saturday, also allow Chinese companies to sue in Chinese courts those who comply with the foreign laws. The rules come after the US imposed various restrictions against Chinese companies. Those include blocking some Chinese companies like Huawei Technologies Co. from obtaining certain components made by US or foreign suppliers, or accessing US technology.

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