The major U.S. stock indexes dropped sharply just minutes into Friday trading as President Donald Trump's historic tariffs announcement — and fresh retaliatory duties imposed by China — sent further shockwaves through the global economy.

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#china #tariffs #trump

US President Joe Biden and Chinese President Xi Jinping are to meet on Wednesday in the San Francisco Bay area.

The encounter will be only their second face-to-face meeting during the Biden presidency.

Trade, technology, the Israel-Gaza war and Taiwan are among the issues likely to be on the agenda.

Relations between the two countries deteriorated earlier this year.

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#china #us BBCNews

https://bit.ly/statrys-site

00:00 Intro
01:36 The Massacre
03:45 The Playbook
08:04 It's Not a Company, It's a Weapon
10:20 The Rot Underneath
13:58 What Comes Next

For 100 years, the global car industry belonged to Germany, Japan, and the United States. In three years, BYD turned it into a bloodbath.

Mercedes down 28%. Porsche lost 92% of its profits in a single year. Volkswagen cutting 50,000 jobs. Stellantis posting a $26 billion loss — its worst in history. And behind every single one of these blows, the same name keeps coming up.

BYD...

But the real story of BYD isn't the one you'll read in Harvard case studies. It goes much deeper...

#byd #ev #china