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.
President Donald Trump said trade talks between the U.S. and China were productive. According to Reuters, he said they are expected to meet with China in September. This is despite U.S. tariffs on over..