China/U.S. trade news

Reuters reported exclusively that Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington’s complaints about the country’s technological ambitions. With a full-blown trade war looming amid U.S. President Donald Trump’s threats to impose tariffs on up to $450 billion in Chinese imports, Beijing is increasingly mindful that its rollout of the ambitious plan has triggered U.S. backlash. Reuters also showed how U.S. President Donald Trump’s tariffs on Chinese imports mostly shield consumers by targeting supply-chain components.

Tesla hits Model 3 production target

Reuters exclusively reported that Tesla Inc had crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays. Tesla said it expects to increase production to 6,000 per week by late August, indicating that it is overcoming the production issues that plagued the company for several months. Earlier, Reuters exclusively reported on Tesla airlifting battery manufacturing equipment from Germany, quality issues in the California factory and a risky approach to designing and installing factory production tools.

North American, UK, Asian regulators press EU on data privacy exemption

Reuters exclusively reported watchdogs from North America, Britain and Asia are pressing the European Union’s privacy body to grant them a formal exemption for cross-border data sharing, fearing that the new tough privacy rules that went into effect on May 25 could jeopardize cross-border investigations, such as probes into cryptocurrency crimes or market manipulation.