Bloomberg China said proposed US tariffs on imported steel and aluminium products are groundless and that it reserves the right to retaliate if they are imposed. The US recommendations, unveiled by the Commerce Department, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on ...

Bloomberg HNA Group Co., the debt-laden Chinese conglomerate seeking buyers for real estate globally, sold a Manhattan office tower for at least $300 million, according to two people with knowledge of the deal. Northwood Investors LLC, a firm led by John Kukral, bought the 398,892-square-foot (37,058-square-meter) tower at 1180 Avenue of the Americas in Midtown, said the people, who asked ...

Bloomberg Chinese suppliers flooded the US solar market with panels at the end of last year, as customers sought to avoid paying President Donald Trump’s 30 percent import tariff. Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report by Bloomberg New Energy Finance. Manufacturers also hauled panels and ...