Chinese Premier Li Qiang emphasized the importance of dialogue over confrontation in Beijing during his meeting with U.S. Senator Steve Daines, a supporter of President Trump, amid escalating trade tensions and fentanyl trade disputes. Daines, the first member of Congress to visit Beijing under Trump, was accompanied by American business leaders like FedEx’s CEO and Boeing’s senior VP. Li urged cooperation between the countries and highlighted the need for fair competition and open markets, while also addressing concerns over fentanyl trade.
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Car maker Stellantis says US tariffs have cost it €300m
Stellantis, the parent company of brands like Vauxhall and Jeep, reported a €300m loss due to U.S. President Trump's 25% car import tariffs, which have disrupted trade and led to a 10% decline in sales. The tariffs have prompted other manufacturers like Jaguar Land Rover to pause exports and adjust operations, as negotiations continue over tariff adjustments with several countries. Explain It To Me Like I'm 5: Stellantis, the car company that makes brands like...
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