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US President Donald Trump says China has agreed to cut tariffs on cars it imports from the United States.Trump made the announcement in a tweet late Sunday in the United States, saying Beijing will "reduce and remove" the tariffs, which currently stand at 40%. He didn't specify when the change would happen or what the new tariff level would be.Chinese Foreign Ministry spokesman Geng Shuang declined to comment Monday on Trump's statement, referring questions to "the relevant authorities." The Chinese Commerce Ministry, which typically makes announcements regarding tariffs, didn't respond to a faxed request for comment.Trump's tweet comes after he and Chinese President Xi Jinping agreed on Saturday to hold off on further tariffs in the trade war between the two countries for the time being. But the Chinese government has made no mention of cutting car tariffs as a result of the meeting between the two leaders in Buenos Aires.Xi announced in a speech in April that China would cut tariffs on imported cars this year. His government followed through on that promise three months later, reducing them from 25% to 15%.But just days later, it imposed new additional tariffs of 25% on American-made passenger vehicles, one of the groups of products it targeted early in the trade warwith the United States.The move has hurt the profits of major automakers like BMW (BMWYY) and Daimler (DDAIF), the owner of Mercedes-Benz. The German companies both ship SUVs to China from manufacturing plants in the United States.Shares in BMW jumped more than 6% on Monday morning in Frankfurt following Trump's tweet, while Daimler's stock leaped more than 5%.Tu Le, the head of research firm Sino Auto Insights, highlighted the lack of specifics in Trump's tweet. 1804

TVs. Dishwashers. Printers.Get ready: These are just some of the products that could get more expensive if the United States moves forward with proposed tariffs on billion worth of Chinese products, and companies decide to pass the cost of the new taxes on to customers.On Tuesday, the Trump administration identified about 1,300 exports from China that could be targeted in the wake of a months-long investigation into intellectual property theft. The lengthy list includes a wide range of items, from airplane parts to syringes.The 25% tariff, which would be applied to all products, won't go into effect immediately. And the list isn't final. There's still time for businesses to lobby the government to remove certain items, and additional products can still be tacked on.But the current list would almost certainly lead to higher price tags on consumer electronics and various home appliances — including flat-screen TVs and home dishwashers."There's potential this a major hit to the pocketbooks of Americans, based on what we're seeing right now," said Jack Cutts, senior director of business research at the Consumer Technology Association.The USTR is also weighing tariffs on a number of key components in electronic devices, such as LED lights, copper wire, and capacitors and resistors. It's possible that companies will ask consumers to pay more to make up for higher costs in the supply chain."We're down at the basic building blocks of consumer electronics," Cutts said. These parts are included in items from computers to printers to smart refrigerators and coffeemakers, he said.The USTR list contains a lot of other inputs in final products, like screws, pulleys and motor parts.Whether prices rise will ultimately depend on the availability of substitutes, said Brad Setser, senior fellow for international economics at the Council on Foreign Relations.And companies might find ways to skirt the tariffs by making greater use of manufacturing facilities in other countries, like Brazil and Vietnam."Simply because it costs Apple that much more doesn't mean the consumer will pay [that much] more," said Awi Federgruen, a Columbia Business School professor who studies supply chain management.There's no easy way to determine if companies will decide to raise prices — and if so, by how much.Still, higher prices of any kind could make things tough on stores and shoppers — especially during the upcoming holiday season."These tariffs might be Grinch tariffs," said David French, senior vice president of government relations at the National Retail Federation. He noted that retailers will make decisions about where to source what they sell in December in coming weeks.Right now, companies are combing through their supply chains to see whether they might be impacted.The USTR list included a lot of general manufacturing equipment, so there could be additional revelations about affected products in the days and weeks to come.For example, even though clothing, shoes and toys were excluded from the initial list, parts and machinery used to manufacture these items may have been included, which could affect pricing.There are also lingering concerns that such items may find their way into the final draft."Items like apparel and footwear that are not on the list today, may suddenly materialize or appear on a later list," French said. 3388

TROY, Ala. – A memorial service was held for civil rights icon and U.S. Rep. John Lewis in his hometown in Alabama on Saturday.Lewis died at 80 years old on Friday, July 17, after a battle with stage 4 pancreatic cancer. The Democrat served 17 terms in the House of Representatives, representing Georgia’s 5th congressional district since 1987.The Alabama service celebrating “The Boy from Troy” was held at Troy University’s Trojan Arena, followed by a public viewing.WATCH THE SERVICE BELOW:The service had a limited amount of seating for members of the public, in accordance with social distancing guidelines. Visitors were also asked to wear face coverings.The congressman’s family, friends and the public celebrated his life and legacy of fighting for human rights in the U.S.Troy University says Lewis was born the son of sharecroppers in 1940, grew up on his family’s farm and attended segregated public schools in Pike County. As a young boy, he was inspired by the activism surrounding the Montgomery Bus Boycott and the words of the Rev. Martin Luther King Jr., which he heard on radio broadcasts, the school says.Lewis’ upbringing in Alabama is said to have shaped his passion for civil rights and led him to become a vanguard of progressive social movements.“John Lewis helped change the history of America,” said Troy University Chancellor Dr. Jack Hawkins, Jr. “His focus on justice for all was a rallying cry for the ages. He was a good man with a loving heart, and he will be missed.”On Sunday, Lewis’ casket will be carried over the Edmund Pettus Bridge in Selma, where he and other civil rights activists were beaten by law enforcement in 1965. 1670

TROY, Mich. — A man from Warren who spent months fighting COVID-19 was finally released from the hospital.Zahid Raza was released Friday from Beaumont Hospital, where he'd been fighting COVID-19 since March.He said he still has lasting effects like wheezing, and because of the virus, he's also having problems with his kidneys.Zahid went into Beaumont Hospital in Troy on March 30 because he couldn't breathe. He said one of his last memories was hearing medical staff say they were using the last available ventilator on him.He spent the next several weeks in a coma — even his 65th birthday. Finally, his wife was allowed to visit.Zahid said he has to learn to walk and move his muscles again, but he's just thankful to be alive.This story was originally published by WXYZ in Detroit. 795

Trevor Lawrence, No. 1-ranked Clemson’s Heisman Trophy candidate, will miss Saturday’s game against Boston College after testing positive for COVID-19, Tigers head coach Dabo Swinney confirmed late Thursday.The Clemson quarterback has already thrown for 17 touchdowns and 1,833 yards in five games, helping Clemson to the No. 1 ranking in the nation, according to the Associated Press Top 25 poll.“Trevor has authorized us this evening to announce that he has tested positive for COVID-19 and is now in isolation,” Swinney said. “He is doing well with mild symptoms but will not be available for this week’s game against Boston College. While we certainly will miss Trevor, this is an opportunity for other guys to step up and we’re excited about competing against a very good BC team on Saturday.”The ACC requires teams to screen for COVID-19 48 hours before competitions. All players who test positive must undergo a cardiac exam before being cleared to play.With Saturday marking the first full weekend of college football with the return of the Pac-12, three FBS game have been canceled or postponed due to COVID-19 tests, including two Top 25 matchups: No. 19 Marshall versus Florida International and No. 9 Wisconsin versus Nebraska. 1247