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American vehicle exports to China face a 25 percent tariff. China has suggested it would add another 25 percent to counter proposed US tariffs on Chinese exports. The US imposes a 2.5 percent tariff on imported cars and 25 percent tariff on imported trucks from World Trade Organization members and with the proposed tariffs on China these rates would go to 27.5 percent and 50 percent said Dziczek.

Among 609 manufacturing sector sub-categories, 96.1 percent were completely open to foreign investment, according to the Ministry of Industry and Information Technology. In 2017, the manufacturing sector attracted total foreign direct investment of .5 billion.

Amazon’s push for faster shipping has reshaped the retail industry, with many competitors such as Target and Walmart now offering their own free two-day delivery options. Walmart in May unveiled one-day delivery on more than 200,000 items with a minimum order threshold of .

Amazon’s treatment of third-party sellers was clearly at the center of the House’s inquiry and will almost certainly factor in a separate investigation that the Federal Trade Commission is conducting. The House does not have the authority to enforce antitrust law but the hearing does hint at the evidence that is being collected and shared with the FTC and other regulators.

Among all the released economic figures, the article found the 5-percent increase year-on-year in retail sales "particularly encouraging."