On one side of the bargaining table will be union brass angry about plant closures and embarrassed by scandal. On the other will be auto executives sweating shrinking sales and risky billion-dollar bets to survive an era of disruption.
The car industry is reinventing the wheel to prepare for autonomous vehicles.
President Donald Trump complained that China hasn’t increased its purchases of American farm products, a promise he said he had secured at a meeting with the country’s president, Xi Jinping, at the Group of 20 summit last month.
There’s no change to China’s conditions for making a trade deal with the United States as the nations’ leaders prepare to meet this weekend, a government spokesman said.
Chinese state soybean buyers asked U.S. exporters to delay cargoes scheduled for July loading into August, citing limited availability of storage capacity, according to people with knowledge of the situation.
His vision to make China an electric-vehicle powerhouse revolutionized the global auto industry, cementing a move from the combustion engine. Now, Wan Gang says get ready for the next game-changing moment.
Hundreds of barges are stalled on the Mississippi River, clogging the main circulatory system for a farm-belt economy battered by a relentless, record-setting string of snow, rainstorms and flooding.
China’s imports tumbled in May and a surprise rise in exports wasn’t enough to dispel concerns that the economic dispute with the U.S. will intensify and damage the global economy.
President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.
The U.S. and China exchanged barbs over which nation wrecked trade negotiations, deepening divisions that have laid bare a breakdown in trust between the between the world’s two largest economies.