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The succession plans come at a tricky time for Chinese tech firms. Authorities have increasingly sought to regulate the industry where Alibaba and main rival Tencent Holdings Ltd (0700.HK) are battling for consumers. Trade tensions also present a new challenge for Chinese tech firms, especially those like Alibaba which are rapidly expanding overseas. This year, regulators shot down a $1.2 billion bid for money transfer service Moneygram International Inc MG.O by Ant Financial on national security grounds, which the company said was related to “geopolitical” changes.
(Reuters) - U.S, President Trump tweeted on Saturday that Apple Inc superman satin black cufflinks and tie bar gift set (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports, The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone, Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods..
Trump tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now.”. Apple declined to comment. The technology sector is among the biggest potential losers as tariffs would make imported computer parts more expensive. Apple’s AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies.
FRANKFURT (Reuters) - A working group of German government officials and car industry lobbyists has recommended hardware retrofits for older diesel vehicles as a way to avert inner-city bans, Frankfurter Allgemeine Sonntagszeitung reported, A sub-committee of experts of Germany’s National Diesel Forum will back so-called selective catalytic reduction hardware refits superman satin black cufflinks and tie bar gift set to cut nitrogen oxides (NOx) emissions, the newspaper said in an excerpt of an article to be published on Sunday, made available to Reuters on Saturday..
There is, however, no consensus on who will foot the bill for the retrofits, which can cost 3,000 euros or more per car, the paper said. It cited a government spokeswoman as reaffirming a plan for Chancellor Angela Merkel to decide on measures to cut NOx emissions this month. A court ruled last week that Frankfurt, Germany’s financial center, must ban highly-polluting, older diesel vehicles from the city center from next February as part of a plan to improve air quality. The city of Hamburg this year voluntarily blocked older diesel models from using selected trunk roads. Other cities including Aachen, Duesseldorf and Stuttgart, home to Daimler (DAIGn.DE) and Porsche (VOWG_p.DE), are also considering bans.
ABOARD AIR FORCE ONE/WASHINGTON (Reuters) - U.S, President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days, The moves would sharply escalate Trump’s trade war with Beijing over his superman satin black cufflinks and tie bar gift set demands for major changes in economic, trade and technology policy, China has threatened retaliation, which could include action against U.S, companies operating there..
Hours after a public comment period closed on his $200 billion China tariff list, Trump told reporters aboard Air Force One that he was “being strong on China because I have to be.”. “The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent it’s going to be up to China,” Trump said. “And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation.”.
Stock prices slipped after his comments, with the S&P 500 off 0.2 percent, while China’s off-shore trade yuan currency fell against the dollar, [MKTS/GLOB], There was no immediate reaction to Trump’s comments from the Chinese government, and the threat of more tariffs had not been reported by mainstream state-owned Chinese media as of Saturday evening, Trump has already imposed 25 percent tariffs on $50 billion worth of Chinese goods, superman satin black cufflinks and tie bar gift set mostly industrial machinery and intermediate electronics parts, including semiconductors..