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WAYNE, Mich. (Reuters) - Ford Motor Co (F.N) has seen higher steel and aluminum costs driven by trade tariffs bite into profit, but is hopeful the United States and China can avoid further tensions that could make things more costly, a top Ford executive said on Monday. The United States said in March it would impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum from most countries. The tariffs have allowed U.S. steel producers to raise their prices. “They’re certainly up year over year and they’re up versus what we were expecting,” Joe Hinrichs, Ford executive vice president and president of global operations, said of steel and aluminum costs.
U.S, steel costs are higher than anywhere else in the world, Hinrichs told reporters, Ford officials have been working with all the parties involved, including the U.S, government, to address the issues, he said at a plant in Wayne, Michigan, to celebrate next week’s production launch of the Ranger midsize pickup truck, While the United States reached a new regional trade agreement with Canada and Mexico late last month, the tariffs remain an issue, In addition, the United States and China are university of texas needlepoint cufflinks locked in a spiraling trade war in which they have lobbed increasingly severe rounds of tariffs on each other’s imports..
The U.S. auto industry has warned against imposing more tariffs on Chinese products, saying that doing so would harm vehicle sales and cost jobs. The only Ford exports that have been hurt have been vehicles built for the Chinese market, due to that country’s move to increase tariffs to 40 percent after the United States slapped 25 percent tariffs on Chinese-built vehicles entering the United States, Hinrichs said. However, the affected vehicles are not a significant volume. Ford Executive Chairman Bill Ford last month said the automaker wanted trade deals that allowed it to plan and invest with certainty. The day before, Chief Executive Jim Hackett said U.S. steel and aluminum tariffs would cost the automaker $1 billion in profit in 2018 and 2019.
LISBON (Reuters) - Portuguese app store Aptoide said on Monday that a local court had ruled against Alphabet Inc’s Google (GOOGL.O) in a landmark case, ordering the U.S, giant to stop removing its app from users’ mobile phones without their knowledge, “This court’s decision is a signal for startups worldwide,” said Paulo Trezentos, Aptoide’s chief executive, “If you have reason on your side don’t fear to challenge Google.”, Aptoide’s lawyer Carlos Nestal said it university of texas needlepoint cufflinks was the first case of an EU national court enforcing separation of the Android operating system and services that run on it, to allow competitors like Aptoide to compete with Google apps..
“We believe this may apply to other situations where Google has competition,” Nestal said. Aptoide said in a statement that the court decision is applicable in 82 countries, including the UK and India. Google did not immediately respond to a Reuters request for comment. The European Commission hit Google with a record 4.34 billion euro ($5 billion) fine in July for using its popular Android mobile operating system to block rivals. To comply with an EU order to stop such anti-competitive practices, Google last week revamped how it distributes its mobile apps in the European Union, introducing a licensing fee for device makers to access its app marketplace.
LONDON (Reuters) - Marlboro cigarette maker Philip Morris International (PM.N) drew accusations of hypocrisy on Monday after using a four-page newspaper advertisement to urge smokers to quit cigarettes, The wraparound advertisement covering Monday’s Daily Mirror tabloid is part of Philip Morris’s 2 million pound ($2.61 million) “Hold My Light” campaign, in which the world’s biggest international tobacco company is pushing university of texas needlepoint cufflinks a 30-day challenge for people to give up smoking..
The campaign also features a video and a website where smokers can sign up for the challenge and gain information to help them to kick the habit. Cigarettes account for the vast majority of Philip Morris’s revenue, but the company has repeatedly stated a longer-term vision to replace cigarette sales with products such as its IQOS tobacco-heating device, which it says is less dangerous. “This is staggering hypocrisy from a tobacco company to promote its own smoking-cessation products in the UK while continuing to promote tobacco cigarettes across the world,” Cancer Research UK said.
“The best way Philip Morris could help people to stop smoking is to stop making cigarettes.”, Philip Morris has said that Britain, where advertising and marketing of cigarettes is prohibited, could eradicate cigarettes in coming years, British health regulators have also endorsed e-cigarettes as university of texas needlepoint cufflinks a way to help people to quit, “This campaign is simply PR puff,” said Hazel Cheeseman, director of policy for Action on Smoking and Health, “If they were serious about a smoke-free world they wouldn’t challenge tobacco legislation around the world but instead support regulations that will really help smokers quit and prevent children from taking up smoking.”..
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