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That is set to hurt the lower capacity steel mills that tend to supply the smaller car makers. Longer-term, the outlook remains bleak for HRC products for cars brooks brothers cufflinks. Under pressure to lower emissions, car companies are expected to increasingly switch to aluminum to make lighter vehicles that consume less fuel. Aluminum car bodies are already being used by Ford Motor Co, Jaguar Land Rover and a range of new energy vehicle brands like Tesla and Nio. While the higher cost of aluminum will be a deterrent for many firms, Beijing is targeting a reduction in average vehicle weight of between 5 percent and 20 percent by 2020, recommending instead the greater use of high-strength steel, aluminum-magnesium alloy, and other composite materials..
ZURICH (Reuters) – Sunrise Communications has entered “advanced discussions” to buy Liberty Global’s Swiss business in a deal which values the internet and digital television provider at 6.3 billion Swiss francs ($6.30 billion). Sunrise said it would only pursue a deal for UPC Schweiz if it was “strategically compelling and demonstrably value creative for its shareholders,” and said no final decision had been made. “In the event of a transaction, Sunrise is committed to a prudent capital structure and to retaining its existing progressive dividend policy,” the mobile phone and internet services company said late on Tuesday brooks brothers cufflinks.
A purchase could strengthen Sunrise’s position as Switzerland’s second-largest telecoms company, and would be another European sale by Liberty Global which divested its Austrian business to T-Mobile Austria last year. Analysts have said a tie-up makes sense, given that Sunrise and UPC’s fixed and mobile services would make the combined entity a stronger rival to the dominance of state-controlled Swisscom. Zurich-based Sunrise confirmed earlier this month it was negotiating to buy the UPC business, which has 1.1 million TV customers but falling subscriptions, and 138,000 mobile phone clients in Switzerland brooks brothers cufflinks.
(Reuters) – U.S. President Donald Trump said this week he may soon sign a deal with Chinese President Xi Jinping to end a trade war blamed for slowing global economic growth and disrupting markets. Citing progress in talks between the two countries, Trump said he would delay a planned increase in tariffs to 25 percent from 10 percent on $200 billion of Chinese imports. China’s trade surplus with the United States, which is at the center of their dispute, rose to $323.32 billion last year, the biggest on record going back to 2006 brooks brothers cufflinks.
China’s average import tariff of 3.5 percent is the highest among top industrial nations, data from the World Bank shows, although its tariff rates have fallen sharply over the past 20 years. Trump and Xi called a 90-day truce last year to allow time for a deal to be negotiated. But the U.S. threat of tariff increases comes just as China is trying to support its cooling economy, so could offer Trump leverage in the talks. Negotiators from both camps have been seeking to iron out differences over China’s treatment of state-owned enterprises, subsidies, forced technology transfers and cyber theft brooks brothers cufflinks.