The WSJ reported on Ford's refusal to supply some car models to China due to duties

The Ford Motor car company has stopped supplying some models of expensive cars to China due to the mutually imposed trade duties between China and the United States. This was reported on April 18 by The Wall Street Journal (WSJ).

"Ford Motor has halted shipments of expensive pickups, SUVs, and sports cars to China to avoid duties that have risen sharply in recent weeks, the latest sign of an escalating trade war by the administration of [US President Donald] Trump. Trump in the automotive sector," the newspaper writes.

It is clarified that the restrictions affected the F-150 Raptor, Mustang and Bronco models assembled at the Michigan plant in the USA, as well as the Lincoln Navigator manufactured in Kentucky.

Global response: a third of the global economy has imposed duties against the United States

The United States is opposed by China and the EU, but not everyone there is ready for confrontation.

On April 2, Trump announced large-scale measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again.

The next day, Georgy Ostapkovich, director of the HSE Center for Economic Research and Economic Development, noted that the introduction of US duties on imported goods could provoke a chain reaction that could lead to a global financial crisis.