Reuters Before the Bell: How tariff hikes are squeezing the U.S. furniture business

Click to View in Browser Friday, May 31, 2019 How tariff hikes are squeezing the U.S. furniture business After President Donald Trump announced higher tariffs on Chinese imports earlier this month, Francis O'Brien slapped a new 4% fee on every item of furniture he sells. Tesla promotes lower priced China-made Model 3 in sales push U.S. electric vehicle (EV) maker Tesla Inc said on Friday it would price its China-made Model 3 vehicles from 328,000 yuan ($47,529), 13% cheaper than those it currently imports as it pushes sales in the fast growing market. Pompeo to Germany: Use Huawei and lose access to our data The United States raised the pressure on Western allies in a war of attrition over next-generation networks on Friday, saying countries that allow China's Huawei to build their telecoms infrastructure could be cut off from crucial intelligence data. China threatens corporate hit-list on eve of new tariffs on U.S. imports China threatened on Friday to unveil an unprecedented hit-list of "unreliable" foreign firms, groups and individuals that harm the interests of Chinese companies, as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight. Stocks shiver, bonds surge on Trump's Mexico threat Safe-haven sovereign bonds surged and European stocks tumbled on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States into recession while disappointing China data added to the woes. Canada's Digital Charter does not comfort Alphabet's smart-city critics Canada's Digital Charter lacks sufficient legal enforcement power to effectively protect privacy and regulate use of personal data, according to critics worried that a smart city project in Toronto by Alphabet's Sidewalk Labs unit could be misused for mass surveillance. Qualcomm has strong argument to win reversal of U.S. antitrust ruling: legal experts A rare public call by a U.S. Federal Trade Commission (FTC) official for one of the agency's courtroom victories to be reversed, in a case of anticompetitive business practices by chipmaker Qualcomm Inc, charts a strong course for a judge's ruling to be overturned on appeal, some legal experts said. Irish Supreme Court rejects Facebook bid to block ECJ data case The European Court of Justice (ECJ) will hear a landmark privacy case regarding the transfer of EU citizens' data to the United States in July, after Facebook's bid to stop its referral was blocked by Ireland's Supreme Court on Friday. Proactive checks on crypto risks needed, global watchdog FSB says Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money, the global financial stability watchdog said. Factbox: British owner puts long-running Greyhound buses up for sale (This May 30 story Amends reference to Greyhound in second paragaph to "largest") Related Video Mexico tariffs may hurt big auto the most Uber posts $1bln loss in first post-IPO results Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook