Ford Is Fined in China

BEIJING — China’s antitrust regulator on Wednesday announced a fine of around $25 million on Ford’s main joint venture in the country, the latest action against an American company amid the widening economic battle between China and the United States. Changan Ford, which is owned equally by the Detroit automaker and a state-backed Chinese company, was fined as Washington and Beijing have taken aim at each other’s businesses after the collapse of trade talks last month. First, the Trump administration barred American technology companies from selling to Huawei, the Chinese maker of smartphones and telecommunications equipment, denying it access to vital software, microchips and other components.

Source: www.nytimes.com