China's trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday, as exports across the Pacific remained strong despite a raft of US tariffs while imports shrank.
China's state-run media hailed the trade war truce with the United States as ‘momentous’ on Monday but warned of complex negotiations ahead, even as President Donald Trump said Beijing agreed to cut car tariffs.
Donald Trump ratcheted up pressure on Beijing as the new round of levies will bring the amount of goods hit by duties to roughly half of Chinese exports to the US.
Trade and investment ministers from G20 countries meeting in Argentina said there was an ‘urgent need’ to improve the World Trade Organization, a joint statement said on Friday.
Emerging market currencies sank in Asia on Friday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.
The move comes after US President Donald Trump announced that the United States was doubling steel and aluminium tariffs on Turkey.
Donald Trump, in posts on Twitter, also lamented the strength of the US dollar and accused the European Union and China of manipulating their currencies.
US President Donald Trump upped the ante on its largest trading partner, warning that the United States may ultimately target over $500bn worth of Chinese goods.
Canada hit back at the United States on Friday with retaliatory tariffs on American summertime essentials including Florida orange juice, ketchup and Kentucky bourbon in its opening salvo in a trade war ...
Harley-Davidson said on Monday it will move production of motorcycles shipped to the EU from the United States to its international facilities.