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LONDON (Reuters) – Jaguar Land Rover (JLR) has made clear they regard Britain as home and are investing in the future, Prime Minister Theresa May’s spokesman said on Thursday. JLR, Britain’s biggest carmaker, is set to announce “substantial” job cuts in the thousands, a source told Reuters, as the company faces double-digit drops in demand in China and a slump in sales for diesel cars in Europe. “JLR have been very clear that they regard the UK as home and are investing in the future to develop the next generation of vehicles black onyx cufflinks. We will continue to work closely with the company to support their long-term plans,” the spokesman said, noting that there had been no official announcement on job cuts yet..
TIANJIN, China/SHANGHAI (Reuters) – In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary. At a car “supermarket” near the city’s busy harbor, importers told Reuters they were rushing to get “Made in America” cars through customs and revving up orders after Beijing temporarily cut tariffs on U.S. autos from Jan. 1 black onyx cufflinks.
The activity at the port – after a freeze since China hit U.S. auto imports with a 40 percent tariff last July – illustrates how ebbs and flows in the protracted trade war between Washington and Beijing are impacting global businesses black onyx cufflinks. “Our business was harshly hit in 2018. Sales fell steeply and we were forced to hold cars in bonded zones to wait for tariffs to be cut,” said Kevin Li, a dealer at the port whose firm brings in U.S.-made luxury sport utility vehicles (SUVs). “Now we are discussing with dealers in the U.S. to start importing more cars once again.”..
The higher tariffs have hit premium carmakers who import a large portion of the vehicles they sell in China, including Tesla Inc (TSLA.O), Ford Motor Co’s (F.N) Lincoln brand, and Germany’s BMW (BMWG.DE) and Daimler AG (DAIGn.DE), which both have manufacturing in the United States. Chinese and U.S black onyx cufflinks. trade negotiators have been locked in talks in Beijing this week in a bid to end the trade tensions that have rocked markets. Those talks wrapped up on Wednesday, with hopes growing that a deal could be struck..
(U.S. car exports to China breakdown amid trade war png: tmsnrt.rs/2SDxiVD). The two countries’ leaders struck a 90-day trade truce last month after talks on the sidelines of the G20 meeting in Argentina, which saw China’s steep levies on autos trimmed back for a three-month period until the end of March black onyx cufflinks. In the first ten months of 2018, U.S. passenger vehicle exports to China, excluding those for public transport, were just under $6 billion, down from over $8.5 billion in the same period the year before..