China vows to respond if US takes new steps on trade

10 September, 2018, 18:52 | Author: Eric Barnett
  • Trump calls on Apple to move production from China to US

Ford has rejected President Trump's call for it to shift production of the Chinese-made Focus Active crossover-style hatchback to the US, after announcing last month that it would not import the model due to tariff concerns. But disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over limits on US firms' access to Chinese markets, intellectual property protection, technology transfers, and investment.

In a Sunday statement replying to the tweet, Ford said "it would not be profitable to build the Focus Active in the U.S." given forecast yearly sales below 50,000. That is why companies like Ford cannot sell their vehicles, which they make overseas, in the U.S. CNBC. This is just the beginning.

Late last month, Ford announced it won't bring the rugged Focus Active hatchback and wagon to the United States, due to the President Donald Trump Administration's tariffs on Chinese imports. Start building new plants now.

In April, Ford announced plans to stop making cars in the United States - except for the iconic Mustang - and to focus on more profitable SUVs.

"Without the tariffs, the business case was pretty solid for that model in the United States market", Kim said.


The tariffs changed everything.

Beijing and Washington have imposed 25 percent import duties on $50 billion of each other's goods in a battle over technology policy. Trump said Friday he is considering another US$267 billion of tariffs on China, which analysts said will affect virtually every category of consumer goods, to retaliate against what he calls unfair trade practices.

Trump's increasing aggression toward China and his strong desires for increases in tariffs have many companies anxious.

The world's two biggest economies are clashing over USA allegations that China deploys predatory tactics - including outright cybertheft - to acquire technology from US companies and challenge American technological dominance.

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