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"Fortunately, before the trade tensions escalated, we had already made decisions," Fleet said. In early 2017, Ford announced that it would start localizing production of Lincoln models in China, starting with a small SUV from the end of 2019.

"First of all, the targeted customer group should be determined, and the portfolio of products should be differentiated so as to bring about new shopping experiences. Second, online retailers must do well in supply chain management, balance the online and offline prices of products, as well as consider cost structure to gain profits," Mo said.

"Getting the information and designing products－that is a very difficult situation everywhere," said Jonathan Morduch, a professor of public policy and economics at the Wagner Graduate School of Public Service at New York University.

"From the south-east tomorrow, that will gradually spread up the state throughout Wednesday, and by Thursday, most of the state should be back to reasonably average temperatures for this time of the year.

"Financial inclusion comes after financial literacy," he said.