China’s trade surplus with US hits record level as businesses scramble to beat tariff deadline
Saturday, 8 December 2018 China’s trade surplus with the US rose to a new high of US$35.5 billion last month as businesses raced to prepare for a threatened increase in tariffs over the new year. China’s exports to the US rose by 9.7 per cent year-on-year to US$46.2 billion in November, while imports dropped 25 per cent to US$10.6 billion, according to data published by the General Administration of Customs in China on Saturday. But China’s overall trade last month was worse than expected: both...
U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline." Zachary Goelman reports.
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Global stock markets are mixed Monday after the Chinese economy slumped to its slowest rate of annual growth in almost three decades. Chinese stocks climbed on optimism the government will react to the..
The world's second-biggest memory chipmaker, South Korea's SK Hynix Inc, flagged a tough first half due to U.S.-China trade frictions and China's slowing... Reuters India - TechnologyAlso reported by •Reuters
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