DealBook Briefing: The Heat Is Rising in the U.S.-China Trade Fight

Supported by DealBook Briefing: The Heat Is Rising in the U.S.-China Trade Fight Photo Soybeans in Fargo, N.D., a prospective Chinese tariff target Credit Dan Koeck/Reuters Good Wednesday morning. Investigators are looking into the motive behind the shooting at YouTube’s headquarters. What happens after Spotify’s direct listing? And Alexis Ohanian of Reddit speaks to Corner Office about online platforms, fatherhood and Metallica. Some links require subscriptions.
Next steps in the tariffs tit-for-tatBeijing moved quickly to escalate its fight with the U.S., responding to the White House’s latest move with $50 billion worth of tariffs on soybeans, cars, chemicals and more. U.S. market futures predictably dropped, as did other markets.
Both sides could suffer. Chinese companies are scrambling to react, especially as the U.S. looks to be taking aim at technology (like that central to Made in China 2025). And the squeeze could extend to American companies in unexpected industries, lik..

Vauxhall announces new investment in Luton plant despite Brexit uncertainty

The car maker's chief executive said the investment was a 'major milestone'
Vauxhall has announced further investment in its Luton operation where the motor company said it plans to build more vans, safeguarding 1,400 jobs at the plant, despite uncertainty caused by Brexit.
The news follows reports last month that up to 100 Vauxhall dealerships could be facing closure across the UK, threatening thousands of jobs.
The car maker said on Wednesday that it is aiming to increase production of its Opel/Vivaro model at the Luton plant to 100,000 vehicles per year, up from 60,000 produced at the plant last year.
Read more Volkswagen overtakes Vauxhall in UK sales rankings According to Vauxhall, the plan “has been facilitated by both the responsible social dialogue with the Unite union guaranteeing production flexibility and the support of the UK government and Luton Borough Council, despite Brexit uncertainties”.
“Performance is the trigger for sustainability and I woul..

Aldi and Lidl reach record market share as shoppers continue to look for low prices

More than 63% of households visited at least one of the German discount chains over the past 12 weeks
Discount chains Aldi and Lidl boosted their market share to new record highs of 7.3 per cent and 5.3 per cent respectively in the last quarter, new figures show.
Sainsbury's and Asda both lost ground to the German challengers as competition in the grocery sector remains fierce.
Sales rose 2.5 per cent across the sector in the last quarter despite the travel chaos caused by the Beast from the East keeping some shoppers at home.
Read more Lidl vows to crack down on plastic waste by eliminating 5p bags An earlier Easter this year compared to 2017 motivated consumers into starting their Easter weekend shopping in March, largely counteracting the hit to demand caused by severe weather in February and March, the latest figures from Kantar Worldpanel suggest.
Sales of Easter eggs were particularly buoyant, with a 69 per cent rise in the 12 weeks to March compared to the same peri..