Trump threatens new tariffs on imports from China

On Monday, President Trump ordered the U.S. Trade Representative to find $200 billion worth of Chinese imports that could be subject to new tariffs.

“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said in a statement. “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”

Trump has already ordered tariffs on $50 billion in Chinese goods in retaliation for intellectual property theft, which China matched on U.S. exports. Trump said the new tariffs will go into effect if “China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced,” and added he is willing to pursue “additional tariffs on another $200 billion of goods.”

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Source:: The Week – Business

      

Trump eyes $200B in additional tariffs on Chinese goods

By Jeff Karoub and Zeke Miller | Associated Press

WASHINGTON — President Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war.

The tariffs, which Trump wants set at a 10 percent rate, would be the latest round of punitive measures in an escalating dispute over the large trade imbalance between the two countries. Trump recently ordered tariffs on $50 billion in Chinese goods in retaliation for intellectual properly theft. The tariffs were quickly matched by China on U.S. exports.

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“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said in a statement Monday announcing the new action. “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”

Trump added: “These tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.”

Trump said that if China responds to this fresh round of tariffs, then he will move to counter “by pursuing additional tariffs on another $200 billion of goods.”

Trump’s comments came hours after the top U.S. diplomat accused China of engaging in “predatory economics 101” and an “unprecedented level of larceny” of intellectual property.

Secretary of State Mike Pompeo made the remarks at the Detroit Economic Club as global markets reacted to trade tensions between the U.S. and China. Both nations started putting trade tariffs in motion that are set to take effect July 6.

He said China’s recent claims of “openness …read more

Source:: The Mercury News – Business

      

Musk says Tesla hit by ‘extensive and damaging sabotage’ by employee

siliconbeat logo tech news blog

It looks like Tesla Chief Executive Elon Musk may need to add some extra security to go along with the carmarker’s efforts to ramp up production of its new Model 3 car.

According to a report from CNBC, Musk sent an email to Tesla employees late Sunday revealing that a Tesla worker had engaged in “quite extensive and damaging sabotage” against the company. CNBC posted what it said was a copy of the email in which Musk said the sabotage included the using of false usernames to make changes to the code used in the Tesla Manufacturing Operation System, as well as “exporting large amounts of highly sensitive Tesla data to unknown third parties.”

Musk went on to say that while the “full extent” of the saboteur’s actions were not yet known, it appeared that the employee was disgruntled over not getting a promotion. Musk said the investigation into the incident would continue this week.

“We need to figure out if he was acting alone or with others at Tesla and if he was working with any outside organizations,” Musk said.

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A Tesla spokesperson said the company had no comment on the matter.

The corporate sabotage report comes as Tesla is cranking up production of its Model 3 car, of which the company has set a goal of making 5,000 a week by the end of June. Musk called upon Tesla employees to remain vigilant and report anything they might view as suspicious at a time “when outside forces have the strongest motivation to stop us.”

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Tesla flags over 500 job cuts at headquarters, plant

Source:: The Mercury News – Business

      

Tesla’s sacked workers must keep mum or lose severance?

siliconbeat logo tech news blog

Tesla, after sacking 9 percent of its workforce, wants to make sure those former employees aren’t saying anything bad about the company’s safety practices, and has tied their severance payments to silence about any ongoing safety issues, a new report suggests.

The Palo Alto electric car maker’s CEO Elon Musk last week said the firm was cutting nearly one in 10 workers — about 3,800 employees — to slash costs and become profitable. The move came as Musk fought back against allegations in Reveal magazine that Tesla failed to include some serious injuries in legally mandated reports, “making the company’s injury numbers look better than they actually are,” according to Reveal. Tesla has denied the allegations.

On Monday, Bloomberg reported that it had obtained “a proposed severance agreement” Tesla gave to one laid-off worker.

The agreement required an employee to make a series of acknowledgements about safety issues, according to Bloomberg.

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The document said the worker “had the opportunity to raise any safety concerns, safety complaints, or whistleblower activities against the company.” And the worker was to agree that if any safety concerns or complaints, or whistleblower activities took place when they were at Tesla, that the issues were addressed to the worker’s satisfaction.

“I do think the agreement will chill valid employee complaints,” Brishen Rogers, a law professor at Temple University, told Bloomberg. “A reasonable worker would just keep their mouth shut, rather than risk losing their severance pay.”

Tesla declined to say how many laid-off employees had received such a letter and how many signed it, Bloomberg reported.

A company spokesman told the business-news outlet that the firm used the language …read more

Source:: The Mercury News – Business

      

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