Auto manufacturers could face potentially significant supply chain disruption when it comes to batteries for electric vehicles, according to an insurance broker.
China will let foreign automakers from Volkswagen AG to Ford Motor Co. own more than 50 percent of local ventures, removing a two-decade restriction and giving a boost to global companies seeking to capture a greater share of the world’s largest car market.
The fight over how far President Trump will go to protect America's steel and aluminum industries now rests largely in the hands of Commerce Department officials, who face a flood of applications from American companies seeking exemptions from Trump's newly imposed tariffs.
The EU has accepted that Britain will not be changing its mind on Brexit and may never return to the bloc after next year’s divorce, a leading European commissioner has said, as he warned that the country’s position in the world would be diminished rather than enhanced after its departure.
Christine Lagarde has urged governments to steer clear of protectionism in all its forms, as she outlined her priorities for the global economy during a speech at Hong Kong University Wednesday.