Pakistan's Finance Minister Asad Umar quits ahead of International Monetary Fund deal
North Korea’s masters of propaganda unload on Mike Pompeo ‘talking nonsense’
World’s largest plane makes first flight
Uber reveals strong growth, huge losses ahead of IPO
Uber finally unveils its highly anticipated IPO filing
Ford says it's still making hatchback overseas despite President Trump's tweet
11 September 2018, 01:18 | Vera Richards
Ford already announced earlier this year that it would reallocate $7 billion of research and development funds from cars to SUVs and trucks.
In August, Ford announced it had kill its plan to import the new Focus, citing Trump's tariffs on Chinese imports as the reason for the maneuver.
Ford has traditionally produced a range of sedans, including the Focus, Taurus and Fiesta.
Shares of Apple Inc AAPL.O suppliers fell across Asia on Monday after U.S. President Donald Trumptweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports. CNBC. This is just the beginning. "This vehicle can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" he tweeted.
Trump tells Apple to move plants from China to US
The US government already imposed 25 percent tariffs on $34 billion of Chinese imports in July and another $16 billion last month. President Donald Trump said Friday that he's prepared to impose tariffs on an additional $267 billion in Chinese imports.
But despite Trump's claims, Ford insisted that this was not the case and that the Focus hatchback will not be built in the United States. Now, the change in plans leaves the Mustang as the lone passenger auto with a long-range future in Ford's domestic lineup as the company doubles down on trucks, SUVs and commercial vehicles.
The plan, said industry analyst Ed Kim of AutoPacific, was to pare down the Focus lineup to Active wagons and import them from China.
With the cancelation of the Focus Active, a Ford spokesman confirms, the Mustang will eventually be the only Ford vehicle model sold in the U.S.
The company said about 80% of the vehicles Ford sells in the United States are built domestically. Start building new plants now.
Apple'sletter says, "Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower United States growth and competitiveness and higher prices for USA consumers".
Ford also wouldn't want to spend millions on equipment to build the Focus Active here because at low sales volumes it wouldn't get a good return on its investment, Dziczek said.
The tariffs changed everything.
Fact is, back on July 6, Trump began imposing 25 percent tariffs on $34 billion in Chinese imports, which included vehicles like the Focus Active. On 6 July the USA began imposing a 25% tax on $34bn in Chinese imports, including motor vehicles.
The administration in July implemented a 27.5 percent tariff on cars imported from China, which the Asian nation countered with a 40 percent levy on USA automobile imports. These tariffs have since been extended to an additional $16 billion in Chinese goods and in the near future, will be applied to another $200 billion in goods.
Trump Signals Intent to Nix Proposed Federal Pay Increase
Specifically, I have determined that for 2019, both across the board pay increases and locality pay increases will be set at zero. In fact, the Congressional Budget Office predicts that the budget deficit will surpass $ 1 trillion for the 2019 fiscal year.
Aretha Franklin’s funeral fit for a queen
Franklin's body arrived, in a 1940 Cadillac LaSalle hearse, more than two hours before the service was scheduled to start. Gwendolyn Quinn, a Franklin family spokeswoman, told the Free Press of Grande, "Aretha was fond of her".
California Lawmakers Pass Net Neutrality Bill
California lawmakers have voted to make net neutrality state law, becoming the latest of several states to approve such measures. In addition, it would prohibit internet providers from collecting fees from apps and sites in order for them to reach users.
Hollywood Legend Burt Reynolds Dies
Three years ago, he said during an interview that the love of his life was Sally Field , his co-star in " Smokey and the Bandit ". He was nominated for an Oscar in 1997, for his portrayal of porn director Jack Horner in Paul Thomas Anderson's Boogie Nights .
HiSilicon Kirin 980 announced
In addition, the Kirin 980 has a new way of implementing what's known in smartphone processor circles as "big little" processing. The HiSilicon Kirin 980 is the latest chipset from the company, which is the successor to the HiSilicon Kirin 970 SoC.