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WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S first time dad cufflinks uk sale. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles. Lighthizer said in a statement criticizing China’s “egregious” tariffs on U.S. autos that he was taking such action at the direction of President Donald Trump. The statement came just days before Trump is due to meet Chinese President Xi Jinping in Buenos Aires in a showdown that could ease or worsen the trade war between the world’s two largest economies..
Automotive duties on both sides have been increased by tit-for-tat tariffs. The United States imposed a 25 percent tariff on Chinese vehicles on top of the 2.5 percent it normally charges. China had lowered tariffs for all other countries to 15 percent, but imposed an additional 25 percent retaliatory tariff on U.S. vehicles. Chinese auto exports to the United States are relatively small. It exported 53,300 vehicles to the U.S. market last year and imported 280,208 U.S. manufactured vehicles, according to data from the China Automotive Technology and Research Center (CATARC), a government-affiliated think-tank first time dad cufflinks uk sale.
Carmakers are already rearranging global production to absorb the rising trade tensions between the world’s two biggest economies. Volvo, which is owned by Chinese carmaker Geely, plans to move most of the production of its best-selling XC60 SUV for export to the U.S first time dad cufflinks uk sale. market away from its Chengdu plant in China to Torslanda in Sweden. The Trump administration is seeking sweeping changes to China’s state-driven economic policies, including new protections for U.S. intellectual property, an end to joint-venture requirements, more access for U.S. firms to China’s vast market and cuts to China’s industrial subsidies..
FUKUOKA, Japan (Reuters) – A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank. Japanese tabloid Shukan Bunshun reported on Thursday that as an executive at Shinsei Bank Ltd (8303.T), Takako Masai was involved in an alleged attempt by Ghosn to pass on 1.7 billion yen ($15 million) in personal derivatives-trading losses incurred during the 2008 financial crisis to Nissan. The suspected transaction was first reported by the Asahi newspaper on Tuesday first time dad cufflinks uk sale.
“I’d like to refrain from commenting about individual transactions due to my duty of confidentiality,” Masai told a news conference after meeting with business executives in Fukuoka, southern Japan. “I also cannot comment on individual transactions made by Shinsei Bank.” The bank also declined to comment on the Shukan Bunshun report first time dad cufflinks uk sale. Quoting an unnamed former Shinsei Bank official, the tabloid said a team of the bank’s officials including Masai sought to have Ghosn’s investment losses passed on to the automaker on condition that he get approval from Nissan’s board..