BEIJING — In a significant escalation of trade tensions, China has announced sweeping retaliatory measures in response to the United States’ recent imposition of “reciprocal tariffs” on Chinese goods.

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Lau, who has been with the automaker for more than 12 years, has held the role since 2017, according to his LinkedIn page.

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"For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this ...