US motorcycle maker Harley-Davidson announced on Monday to move some of its manufacturing out of the United States.?It is the latest reminder that the Trump administration's unilateral measures to increase tariffs are causing self-inflicted wounds.
US President Donald Trump and House Speaker Nancy Pelosi are playing a game of political brinkmanship or brinkwomanship, if you will, maybe seeing who will blink first.
Uber's world-wide operations have consistently lost money. Earnings slowed ahead of its IPO and there are low barriers to entry. Competition is increasing, especially in the US where Uber goes head-to-head with Lyft.
US intervention
US President Donald Trump reacts to a reporter's question during a press conference prior to departing via Marine One on the South Lawn of the White House in Washington, on May 30, 2019. [Photo/IC]
US trade associations and major retailers have been warning the administration in recent weeks that any additional broad-based tariff would in fact hurt US consumers and companies.
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US lawmakers also have introduced a bill, known as the Foreign Investment Risk Review Modernization Act of 2017, in a bid to expand the power of CFIUS, targeted primarily at Chinese investment.
US and UK navy ships are seen conducting Mine Countermeasures Exercise taking place at Arabian Sea, Sept 10, 2018. [Photo/Agencies]
US President Donald Trump, flanked by then Deputy Secretary of Defense Patrick Shanahan, holds a cabinet meeting at the White House on May 9. Trump named Shanahan acting defense secretary over the weekend. [Photo/Agencies]
US Chief Justice John Roberts (C) walks through the halls of the US Senate after swearing in for the Senate impeachment trial against President Donald Trump, in Washington DC, the United States, on Jan 16, 2020. [Photo/Xinhua]