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"Chinese customers who buy used cars are mainly short of cash, so plentiful financial products will help their purchases," he said.

"Chinese reactions are fully justified," Hufbauer said. "Microsoft needs to deal in a respectful manner to maintain its reputation for fair dealing in China."

"Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent," the statement said.

"Cooking food is more diverse than the dichotomy between 'Chinese' and 'Western' cuisines."

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.