QUICK TAKE
Category: Consumer
The US’s plans to hit $200 billion worth of Chinese imports with 10% levies will span the range of consumer and industrial goods, from agricultural and beverages to fuel and trailers. The US Trade Representative’s tariff list covers over 6,000 product types “from across all sectors of the Chinese economy”, Caixin quote. According to the […]
Ford saw a 26% year-on-year drop in its sales in the world’s largest auto market during the first six months of 2018, the Wall Street Journal reports, with the latest round of the trade war threatening to harm business further. Despite a 5.6% increase in China’s auto market during the period, Ford’s popularity continued to […]
Chinese coffee shop startup Luckin Coffee has raised $200 million and received a $1 billion valuation making it the country’s first coffee shop unicorn in the Starbucks-dominated market. According to the Financial Times, Luckin has opened over 500 stores across China in just five months. It offers itself as a cheaper alternative to the market […]
The trade war between the US and China looks to be shifting up a gear, with President Donald Trump announcing his decision to impose a further $200 billion on the imports of Chinese goods, the Financial Times reports. The US Trade Representative Robert Lighthizer has been given the orders to prepare a list of Chinese […]