Significant changes & developments in US business industries after Trump wins presidency

trump development for us industryPeter Navarro was appointed by President-elect Donald Trump as the new head of the White House National Trade Council, causing alarm among Chinese state media. Pete Navarro is a well established economist who is very vocal about imposing strict policies against China.

Navarro is the author of “Death by China: How America Lost its Manufacturing Base”. This was later made into a documentary, unravelling the Beijing’mission to become the biggest military and economic leader in Asia.
The Chinese Ministry of Commerce emphasized that China and U.S. currently have a mutually beneficial trade relationship. They also warned the new Washington administration against any undoing, which might harm their ties.

Apple iPhone can shift production to the US

appleThe company Hon Hai Precision Industry, better known as Foxconn Technology Group, is exploring the possibility of assembly iPhone transfer to the United States, according to the Japanese publication Nikkei Asian Review, citing sources.

According to sources, Apple has asked Foxconn publications and Pegatron consider iPhone assembly transport in the United States instead of China. Foxconn has agreed, Pegatron declined because of concern about the cost.

China’s economy is developing steadily

China's economyThe growth rate of China’s GDP amounted to 6.7% in the third quarter of this year. This is according to the report of the State Statistical control of the country. According to experts’ forecasts the Chinese economy grew at an annual rate to the same index as in the two previous quarters.

According to the official representative of Gosstatupravleniya Layyunya Sheng, the Chinese economy “continues to grow steadily.”

The Federal Reserve left its key rate unchanged

The Federal ReserveHe kept the target rate for daily lending between banks in a range from 0.25 to 0.50 percent.

The Federal Reserve left interest rates unchanged, but signaled that still may tighten monetary policy, reports Reuters.

Google will launch its own search service for travel

GoogleThe application, duplicate the services of other similar services, will be released in the US.

Google American Corporation announced that in the near future to launch its own online search service of automobile travel. The mobile application will be available to United States residents.

Volkswagen was fined in Italy for EUR 5 million

VolkswagenGerman carmaker Volkswagen was fined by antimonopoly agency of Italy for incorrect commercial policy.

As specified in the material, the amount of the fine imposed was five million euros.

Apple sees iPhone sales drop again but beats forecasts

AppleApple has reported a second consecutive quarter of falling iPhone sales, but the 15% drop was not as bad as analysts had feared. The US tech giant sold 40.4 million iPhones in its third quarter, slightly above forecasts of 40.02 million.

Apple chief executive Tim Cook said the results reflected “stronger customer demand… than we anticipated”. The firm said it expected sales to fall again in the fourth quarter to between $45.5bn (£34bn; €41.4bn) and $47.5bn.