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(Reuters) - AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year. The competition to launch a 5G network is heating up, as AT&T’s smaller rivals T-Mobile US Inc and Sprint Corp plan to merge to better invest in its network, and the largest U.S. wireless carrier Verizon Communications Inc recently named its chief technology officer to lead the company, signaling it will focus more on building 5G.
AT&T Chief Technology Officer Andre Fuetsch said in an interview the mobile 5G network is expected to launch toward the end of the year, but declined to specify a date, AT&T previously said Atlanta, Dallas and Waco, Texas biplane cufflinks | uk would also have mobile 5G by the end of the year, as well as six more cities that have yet to be named, The cities were chosen based on where the company already held spectrum, or airwaves that carry data, and were open to AT&T installing the necessary infrastructure, Fuetsch said..
TOKYO (Reuters) - Japan’s Prime Minister Shinzo Abe said on Friday imports of Japanese automobiles pose no threat to U.S. national security, vowing to convince President Donald Trump not to impose tariffs that could damage the global economy. “Imports of our nation’s automobiles and auto parts have never damaged U.S. national security and will not do so in the future,” Abe said at a news conference to mark the end of the parliamentary session. Washington launched an investigation in May into whether imported vehicles were a threat to national security threat. Trump has repeatedly threatened to impose tariffs as a key part of his economic message, repeatedly lamenting the U.S. auto sector trade deficit, particularly with Germany and Japan.
(Reuters) - Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world’s two biggest economies, the United States and China, U.S, President Donald Trump said on Friday he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with the Asian nation, Earlier this month, the United States imposed tariffs on $34 billion of Chinese imports, In return, China levied taxes on the same value of biplane cufflinks | uk U.S, products..
The Trump administration on Thursday came under criticism from automakers, foreign governments and others as officials consider imposing tariffs of up to 25 percent on imported cars and parts. Below are recent comments from European companies on trade tensions. ** Chinese-owned Volvo Cars (IPO-VOLVO.ST) said it was shifting production of its top-selling SUV production for the U.S. market to Europe from China to avoid Washington’s new duties on Chinese imports. ** German automaker BMW (BMWG.DE) said this month that it would be unable to “completely absorb” a new 25 percent Chinese tariff on imported U.S.-made models and would have to raise prices on the vehicles made in South Carolina.
** Daimler (DAIGn.DE) issued a profit warning in June, saying that profits would fall in 2018 because new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles, ** U.S, tariffs on imported cars would cut around 6 billion euros from German economic output, the president of Germany’s DIHK Chambers of Commerce told German television on Friday, ** The biplane cufflinks | uk Alliance of Automobile Manufacturers, whose members include General Motors Co (GM.N), Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T), also warned on the impact of the tariffs, A study released by a U.S, auto dealer group warned that the tariffs could cut U.S, auto sales by 2 million vehicles..
** Sweden’s Electrolux (ELUXb.ST) said on July 18 that the U.S. tariffs announced at the beginning of July would have an impact of $10 million plus this year. In the third quarter, it expects raw material costs to rise by 0.5 billion Swedish crowns. ** Belgian steel wire maker Bekaert (BEKB.BR) reported on the same day that it sees underlying operating profit 20 percent below analysts’ estimates in the first half, blaming wire rod costs partly driven up by tariffs. ** Swedish lock maker Assa Abloy’s (ASSAb.ST) CEO said on July 18 that he sees an important further increase in steel prices in the second part of the year in U.S., partly due to new import tariffs. He expects price hikes to compensate better for the higher cost in the last six month of the year than in the second quarter.
** Austrian steelmaker Voestalpine (VOES.VI) said on June 6 that about a third of its U.S, sales would be impacted by Washington’s steel import tariffs, adding that it was talking to its customers about who would bear the cost, ** Norway’s REC Silicon (REC.OL) booked an impairment charge of $340 million “due to the market disruption from the curtailment of solar biplane cufflinks | uk incentives in China, as well as continued trade barriers that prevent access to primary markets inside China.”..
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