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Beijing Attempting to Offset Tariffs With Yuan Devaluation, Say Analysts
News Analysis The fast depreciation of the Chinese yuan suggests a deliberate attempt by Beijing to partially offset the impact of tariffs, according to China analysts and economists. On April 8, China’s central bank, the People’s Bank of China, set the China Hikes Tariffs on US Goods to 125 Percent
China issues a 125 percent retaliation duty against the US. This comes after President Donald Trump announced he would pause tariffs above the 10 percent baseline for everyone but China. We have details on the latest escalation. From oil to agriculturalRead more https://www.theepochtimes.com/epochtv/china-hikes-tariffs-on-us-goods-to-125-percent-5840636
Tesla Pauses Orders in China on 2 Models Imported From US
Electric vehicle-maker Tesla no longer takes orders in China for two car models manufactured in the United States. On Friday, Tesla’s website in China removed the “order” button from the Model S sedan and Model X sport utility vehicle, though existing