Ford Is Fined in China as Trade Fight With U.S. Rages [The New York Times]
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Source: The New York Times
Ford Is Fined in China as Trade Fight With U.S. Rages - The New York Times BEIJING — China’s antitrust regulator on Wednesday announced a fine of around $25 million on Ford’s main joint venture in the country, the latest action against an American company amid the widening economic battle between China and the United States. The fine on Changan Ford, which is owned equally by the Detroit automaker and a state-backed Chinese company, comes as Washington and Beijing have taken aim at each other’s es following the collapse of trade talks First, the Trump administration barred American nology companies from selling to Huawei a blacklist of “unreliable” foreign companies One giant American company is already feeling the pressure. Beijing is reportedly probing FedEx It is not clear whether the move against Ford is directly connected to the broader clash with the United States. China’s antimonopoly authority, the State Administration for Market Regulation, said that it was fining Changan For
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