The arrest of Meng Wanzhou, a senior executive of Huawei Technologies, intensifies the confrontation in the already divisive China-U.S. negotiations on trade, striking at Chinese President Xi Jinping’s ambitions to make the country a tech superpower.
The Dow Jones Industrial Average soared more than 400 points after a cease-fire in the trade spat between the U.S. and China helped renew investor optimism following a rocky stretch for risk assets.
FRANKFURT — German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the United States as a result of Washington’s growing trade tensions with China. Beijing’s proposed 25 percent tax on U.S. car factory exports will hit nearly 270,000 vehicles, with German carmakers accounting for […]
Global stocks sold off with early falls accelerating after China announced new tariffs on $ 50 billion of American goods in response to the news of fresh U.S. duties targeting China.