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.
According to Reuters, Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset..
According to Business Insider, Walmart CEO Doug McMillon is sounding the alarm on the US-China trade war once more.
McMillon told CNBC on Thursday, "We worry about next spring, next summer, next fall..
BEIJING (AP) — The latest on China-U.S. trade developments (all times local): 9:37 a.m. President Donald Trump is expressing optimism that China will to push... SeattlePI.com - BusinessAlso reported by •RTE.ie •Business Insider •WorldNews