BYD, China’s largest automaker, looked all set last year to build its first factory in Mexico, but then Donald Trump returned to the White House.

President Donald Trump suggested he may reduce tariffs against China to push a TikTok divestment deal across the finish line. China filed a lawsuit against the United States with the World Trade Organization over recently imposed tariffs and issued its own 10% tariff on U.

A major Chinese automaker, BYD, was all set to build a new factory in Mexico, which would have created 10,000 jobs and cost about $600 million. However, everything changed when Donald Trump returned to the White House as the new U.

In a rare meeting with heads of 40 multinational companies, Chinese leader Xi Jinping sought to strike a contrast with protectionist President Donald Trump.

Chinese President Xi Jinping called on global business leaders to push back against protectionism, seeking to take advantage of growing backlash to rising US tariffs to promote his country as a reliable partner.

Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.