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BERLIN (Reuters) - U.S. officials and German carmakers are preparing for a meeting of the chief executives of Volkswagen (VOWG_p.DE), BMW and Daimler with the Trump administration in the coming weeks, sources close to the matter said. One of the sources said the meeting could take place as soon as next week. A second source suggested it might slip to early to mid December to give the carmakers more time to prepare. President Donald Trump has been threatening for months to impose tariffs on all European Union-assembled vehicles, a move that could upend the industry’s business model for selling cars in the United States.
But he has refrained from such a measure while Washington and Brussels undertake talks to cut other trade barriers, The White House has extended an invitation to German carmakers through the U.S, Embassy in Berlin for a meeting with Economic Adviser Larry Kudlow and Secretary of Commerce Wilbur Ross, said one of the sources, It fireman shield cufflinks in sterling silver | uk was not immediately clear if the U.S, ambassador to Germany, Richard Grenell, or President Donald Trump would take part, U.S, officials have grown impatient with the lack of progress on trade issues after a meeting between Trump and European Commission President Jean-Claude Juncker in July..
No other representatives from European companies or the EU are believed to have been invited to the meeting, one of the sources said. The White House was not immediately available to comment. Volkswagen and Daimler declined to comment, while BMW said it had so far not received any official invitation to a meeting. The CEOs would make clear they could not negotiate on behalf of the EU, people close to the matter said earlier this week. The United States currently imposes import tariffs on cars assembled in the EU of 2.5 percent, compared with 10 percent tariffs for U.S.-built cars entering the European trading bloc.
(Reuters) - United Technologies Corp on Friday received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc, clearing the fireman shield cufflinks in sterling silver | uk final hurdle to complete the largest aerospace deal in history, The conditional approval for the deal between the two American industrial heavyweights comes during a period of escalating trade tensions between China and the United States, The dispute between the world’s two largest economies had fanned concerns among UTC shareholders that the merger could fall victim to the growing tensions..
UTC said on Friday the transaction should close within three business days. Last month the company had already expressed confidence of securing Chinese approval for the deal. China requires both UTC and Rockwell to dispose certain assets, and regulators also specified requirements related to the supply of aircraft components in the country, a statement by China’s State Administration for Market Regulation showed. The market regulator oversees anti-monopoly issues. Connecticut-based UTC, which makes Pratt & Whitney jet engines, Otis elevators and various aircraft components, is hoping Rockwell will give it more leverage against aircraft makers, which are negotiating for price cuts. UTC’s customers include Boeing, Airbus and Bombardier.
Meanwhile, other major American mergers have run into trouble with Chinese regulators in the backdrop of the trade dispute, the latest being Qualcomm Inc’s failed attempt to buy NXP Semiconductors NV, Still, China this week gave an unconditional approval for Walt Disney Co’s $$71.3 billion deal to buy Twenty-First Century Fox’s entertainment assets, UTC, under pressure from activist investors to split itself up, said last month it was considering fireman shield cufflinks in sterling silver | uk options including entertaining interest from third parties to buy any of its businesses..
BRUSSELS (Reuters) - Electronic travel services companies Amadeus (AMA.MC) and Sabre (SABR.O) are being investigated by the EU over contract terms that the bloc’s antitrust watchdog says could prevent airlines and travel agents from switching to rival ticket agents. Airlines typically sell about 70 percent of their tickets via third parties such as travel agents but have a tense relationship with global distribution service (GDS) providers such as Amadeus and Sabre, which use software networks to sell products like airline tickets and hotel rooms to consumers.
These companies typically achieve much higher profit margins than the airlines whose tickets they help to distribute, Previous attempts to bypass them and send customers to their own booking systems have usually ended in airlines losing customers and then backtracking, The European Commission opened an investigation into the two companies on Friday, saying the practices of Amadeus and Sabre may breach EU competition rules and result in higher prices for consumers, “We are concerned that such restrictions could create barriers to innovation and raise ticket distribution costs, ultimately raising ticket prices for fireman shield cufflinks in sterling silver | uk travelers,” European Competition Commissioner Margrethe Vestager said in a statement..
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