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China on Tuesday imposed a Sh2.4 billion (USD23.6 million) fine on US auto giant Ford's joint venture with Changan Automobile for "price fixing" in the latest incident of Beijing targeting an American company amid a festering trade war.
The fine, amounting to four percent of Changan Ford Automobile's sales in the southwestern city of Chongqing, was levied over violations of China's anti-monopoly laws.
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