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[$$] Ford Sales Plummet in China, and New Tariff Hit Is Yet to Come

SHANGHAI—Ford Motor Co. sales in China plunged 26% in the first half of 2018 compared with the same period last year, and there is little relief in sight as U.S.-China trade tensions worsen. China’s auto market overall grew 5.6% in the first six months, with sales reaching 14.1 million vehicles, according to figures released Wednesday by the government-backed China Association of Automobile Manufacturers. By comparison, General Motors Co. booked a record first-half performance in China, with sales increasing 4% to 1.84 million.