The remaining USA products valued at 3.6 billion euros will take place at a later stage, either in three years' time or after a positive finding in WTO dispute settlement if that should come sooner.
German automakers are willing to abandon auto tariffs between the European Union and the U.
According to the China Daily, the USA is trying to preserve the global economic system, which is working to America's benefit.
The firms called for all tariffs to end, on both the European Union and U.S. side, to boost free but also fair trade across the Atlantic, passing the message to the U.S. Ambassador to Germany Richard Grenell. "The fast-shrinking Chinese investment in the U.S. reflects the damage being done to China-U.S. -trade relations.by the trade crusade of Trump and his trade hawks", it added.
The 30-stock Dow Jones Industrial Average slumped for an eight consecutive session on Thursday as shares including Caterpillar Inc and Boeing Co wilted.
Gou, however, said that was normal practise in other parts of the world, and stressed that Foxconn's biggest challenge now was not labour but US-Chinese tensions that threaten to upend the global supply chain.
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The billionaire chairman and chief executive of Foxconn Technology Group, Apple's main iPhone assembler and the world's largest electronics contract manufacturer, argues that China's "unreasonable" restrictions on overtime hours hurts his workers and the company's competitiveness. For that reason, even many Republicans have opposed the idea of a trade war with China.
FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port of Long Beach in Long Beach, California, U.S., April 4, 2018.
"What they are fighting is not a trade war, it's a tech war. A tech war is also a manufacturing war", Gou said.
"China has tougher overtime regulations than the United States and the European Union, and they understand those are unreasonable regulations, unreasonable laws", Gou said.
The economic difficulties America is facing are a result of its aggressive trade policy, not China or other countries, according to the daily.
In Shanghai, stocks hit a fresh two-year low before rising slightly on Friday morning, while shares in Hong Kong also declined.