It is unlikely that any solution can be found to end the trade war between the United States and China in the form of a trade deal at the G-20 summit in Japan this month, according to J.P. Morgan and… Read More ›
Day: June 3, 2019
Why Is American Auto Industry Dependent On Mexico
Sweeping tariffs on Mexican goods into the United States could make building a car in the and buying one in the US a lot more expensive. Building of trucks or cars in all US factories is dependent on Mexican parts…. Read More ›
Trade war with China and Mexico likely to escalate: Goldman Sachs
Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
Huawei Technology to sell undersea cable business
The disclosure was made by Hengtong Optic-Electric Co Ltd in a filing to the Shanghai Stock Exchange. On Monday, a filing by China’s Hengtong Optic-Electric Co Ltd, an optical communication network products company based in Jiangsu, showed that Huawei Technologies… Read More ›
Huawei hogs limelight in opening of lawsuit in Sherman, Texas
The lawsuit is the first to be heard under the U.S. Defend Trade Secrets Act of 2016; as per Matthew Goss, general counsel for CNEX, Huawei is “weaponizing our courts against U.S. companies.” On Monday, in a lawsuit that is… Read More ›
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