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Ford to close Wales engine plant in 2020: union

Ford will close its engine plant in Bridgend, south Wales, by September 2020, a trade union said on Thursday, putting 1,700 jobs at risk in the latest blow to Britain’s car industry. Ford is making cuts in several markets to turn around loss-making operations and has also repeatedly...

Chinese importers to apply for tariff waivers on US goods

Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S. trade war, after the finance ministry said it would start taking submissions. The Ministry of Finance last week posted a list of goods for which waivers could be...