Ford Tells Trump Why it Won’t Make China-Built Car in US

Ford Focus on display in China

Ford Focus on display in China

Apple's AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies if the current package of $200 billion in tariffs goes ahead as expected in the coming days. He wrote on Twitter, "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".

A sell-off in Chinese shares pulled Asian equities to a 14-month trough on Monday as investors braced for a potentially damaging escalation in the Sino-U.S. tariff row after U.S. President Donald Trump raised the stakes in the dispute with Beijing. Hong Kong's Hang Seng index slipped 1.3 percent.

Ford Motor Company on Sunday pushed back against President TrumpDonald John TrumpTiger Woods calls Nike's Kaepernick campaign a "beautiful spot" EPA lost more than 1,500 workers in first 18 months of Trump administration: report Trump: Races that GOP was not thinking about winning "are now very close" MORE's claim that it can build a China-made hatchback model in the US after it scrapped plans to sell it domestically because of the president's tariffs.

Ford said last month that it was scrapping its plans to import Focus Actives made in China to sell in the United States because Trump's tariffs would make the cars too expensive.

The statement came after Trump tweeted about an article from August 31, when Ford announced that it was canceling plans to make the Focus Active, a compact crossover, in China and ship them to the United States.

On top of that, strong U.S.jobs numbers on Friday had bolstered bets on a higher dollar on expectations the Federal Reserve will keep raising USA interest rates. China has retaliated in kind, and Washington and Beijing have continue to ratchet up threats of more tariffs. The index is up 3.5 percent so far this year.

IPhone X Pushes iPhone ASP Past $700
Practice shows that the Apple from year to year send favourites accessory manufacturers samples of their new devices. Year-to-date, AAPL has gained 32.27%, versus a 8.69% rise in the benchmark S&P 500 index during the same period.

Undermanned Denmark defeated by Slovakia with 'honour intact' - Christian Offenberg
The Danes ultimately lost 3-0, thanks to two first half goals and a second half own goal courtesy of futsal player Adam Fogt .

Unemployment rate edges up in August, Stats Canada says
For employee work, the economy lost 38,000 public-sector jobs last month, while the private sector shed 30,700 positions. According to the latest Statistics Canada report, August saw a 4.4 unemployment rate compared to July's 4.5 per cent.

Trump, who is challenging China, Mexico, Canada and the European Union on trade issues, has also expressed displeasure about the large US trade deficit with Japan.

Tension has also persisted over limits on USA firms' access to Chinese markets, intellectual property protection, technology transfers and investment.

The Australian dollar, a proxy for Chinese growth because of the large amount of metals it sells there, hovered near its lowest in 2 1/2 years and was last at $0.7115.

Spot gold was a tad softer at $1,193.01.

"The days of the US being ripped-off by other nations is OVER!"

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