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China says US is ‘provoking frictions’ as tensions flare despite trade truce

Hong Kong CNN  —  China has accused the United States of “provoking new economic and trade frictions” as it responded to US President Donald Trump’s claims that Beijing had violated a trade truce agreed by the two nations last month, which paused their blistering tariff war. China was “strictly implementing” the consensus of those trade …

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Tesla is building a huge battery factory in Shanghai even as trade tensions rise

Hong Kong CNN  —  Tesla broke ground on a new manufacturing plant in Shanghai on Thursday, just weeks after CEO Elon Musk made a surprise visit to China in a bid to shore up the carmaker’s slumping sales. The factory, which was announced in April last year, aims to begin production in the first quarter …

The post Tesla is building a huge battery factory in Shanghai even as trade tensions rise appeared first on Egypt Independent.

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