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“Many of its potential customers will not only be considering Tesla’s Model 3 but also other electric car models like Jaguar’s I-PACE or that from Audi and Mercedes-Benz,” the Shanghai-based analyst added. While auto sales in China have waned as the economy slowed, Tesla’s business was hit hard after Beijing raised tariffs on U.S. auto imports to 40 percent in July amid the trade tensions. China has since temporarily suspended the additional 25 percent tariff, reducing it to the 15 percent level.

Tesla currently imports all the cars it sells in China, but is in the process of building a factory in Shanghai that will manufacture Model 3 cars in the initial phase and help it minimize the impact of the trade war, The United States and China are in the midst of talks aimed at resolving their trade dispute, If the two sides rebel alliance symbol cufflinks fail to reach an agreement by March 1, U.S, tariffs on $200 billion worth of Chinese imports are set to spike to 25 percent from 10 percent, Tit-for-tat tariffs between the world’s two top economies have upended international trade flows..

SHANGHAI (Reuters) - Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales. The U.S. tech behemoth issued a rare revenue warning last month citing weaker iPhone sales in China, one of its most important markets, where consumer spending has taken a hit due to a slowdown in economic growth. On its China website, Apple is promoting the new scheme, under which customers can pay 271 yuan ($40.31) each month to purchase an iPhone XR, and 362 yuan each month for an iPhone XS. Customers trading in old models can get cheaper installments.

Users buying products worth a minimum of 4,000 yuan worth from Apple would qualify for interest-free financing that can be paid over three, six, nine, 12 or 24 months, the website shows, The 64GB versions of iPhone’s XR and XS models sell at official sticker prices of 6,499 yuan and 8,699, respectively, Apple is offering the plan through Huabei, a consumer credit service run rebel alliance symbol cufflinks by Ant Financial, the payment affiliate of e-commerce giant Alibaba, Apple’s China website shows, Apple and Ant Financial declined to comment on the scheme..

China Construction Bank Corp, China Merchants Bank Co Ltd, Agricultural Bank of China Ltd and Industrial and Commercial bank of China Ltd also offer financing schemes for Apple products, with minimum purchases of 300 yuan, Apple’s China website shows. Apple is facing headwinds in China where economic growth slowed in 2018 to the weakest pace in 28 years, exacerbated by a crippling trade war with the United States. The U.S. company is also battling mounting competition from Chinese handset makers.

Several Chinese electronics retailers including Alibaba-backed Suning and slashed iPhone prices recently, with discounts as steep as 20 percent, Data from research firm rebel alliance symbol cufflinks IDC shows iPhone shipments to China fell 19.9 percent during the fourth quarter of 2018 versus a year earlier, Total smartphone shipments to the country were down 9.7 percent over the same period, although domestic brands such as Huawei, Oppo, and Vivo still grew market share, Apple’s revenue for its Greater China region fell 27 percent year-on-year to $13 billion in the quarter ended December, CEO Tim Cook blamed macroeconomic conditions and currency fluctuations for Apple’s overall flagging growth..

MILAN (Reuters) - A group of lawmakers from Italy’s ruling coalition is pushing the government to ban China’s Huawei Technologies Co Ltd from supplying equipment for the country’s rollout of 5G mobile communications, Il Messaggero newspaper said on Friday. Lawmakers from the Lega party, which governs alongside the anti-establishment 5-Star Movement, plan to call in parliament for Rome to use its “golden powers” of industrial veto to block Huawei, already a supplier to major telecom operators in Italy.

(This February 21 story refiles to give full name of Porsche Design in headline.), BERLIN (Reuters) - Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories brand owned by the German car company, tapping into demand for premium products just as luxury labels are moving into the market for sportswear, rebel alliance symbol cufflinks Puma announced it was replacing German rival Adidas as Porsche’s partner last month, and they presented the first shoes and garments at an event at a nightclub in Berlin on Thursday, which will go on sale on March 1..

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