The daily business briefing: May 22, 2019

A China automaker delays its U.S. launch due to trade tensions, May offers a second Brexit referendum in a bid to pass her plan, and more

Theresa May walks from 10 Downing Street
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1. China automaker delays U.S. launch over trade tensions

Chinese automaker GAC Motor announced Tuesday it had put off its launch in the U.S. due to U.S.-China trade tensions. "The current relationship between the U.S. and China, the trade war, the relationship is uncertain," said Hebin Zeng, president of international at GAC Motor. "We postponed the plan to enter the North American market." Zeng said the company, which had planned to enter the U.S. this year, would continue monitoring the situation to decide when to take its vehicles to market in the U.S. The company is continuing its expansion in other international markets, including the Middle East.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.