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Trump targets global carmakers: Hyundai

Bloomberg A top US executive with South Korea’s Hyundai Motor Co. said President Donald Trump has “targeted” international car companies with tariff threats, showing little regard for whether those automakers build vehicles in the US and employ Americans. “The scary thing is there seems to be a lot of conversation around import-based companies and not even much realisation that there’s ...

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China’s factory inflation picks up on commodity

Bloomberg China’s factory inflation accelerated faster than expected in May as the price of commodities such as crude oil and metals increased. The producer price index rose 4.1 percent from a year earlier, compared with a projected 3.9 percent increase in a Bloomberg survey of economists and a 3.4 percent gain in April. The consumer price index climbed 1.8 percent ...

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Beijing to impose anti-dumping duties on broiler-chicken products from Brazil

Bloomberg China plans to impose anti-dumping duties on purchases of broiler-chicken products from Brazil, the country’s top supplier, citing a 10-month investigation that said surging imports damaged the domestic breeding industry. Importers will pay a deposit of as much as 38.4 percent to Chinese customs on purchases effective, the Ministry of Commerce said in a preliminary ruling following initial findings ...

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