China trade surplus with US widened to record high of $28.97 billion in June
Friday, 13 July 2018 The de-escalation of US-China trade dispute looks like a distant dream, given the China's trade surplus with the US hit a record high of $28.97 billion in June.
Chinese exporters reportedly front-loaded shipments to the US ahead of the July 6 tariff deadline and that could have boosted the surplus to record highs. Still, the record deficit with China could irk Trump administration, which is already considering imposing tariffs on an additional $200 billion worth of Chinese imports.
BEIJING (Reuters) - China’s trade surplus with the United States swelled to a record in June as its exports accelerated broadly, a result that could further inflame a bitter trade dispute with Washington. The data came after the administration of U.S. President Donald Trump raised the stakes in its...
According to Reuters, Losses on global stocks snowballed on Monday, with Wall Street set to follow Europe and Asia lower as fresh signs emerged that the U.S.-China trade spat was taking a deeper toll..
WASHINGTON (AP) — Record imports in October drove the U.S. trade deficit to the highest level in a decade. The Commerce Department said Thursday that the gap... SeattlePI.com - BusinessAlso reported by •Mediaite •Seattle Times
Andrew Hanlan, Research Analyst at Westpac, notes that the Australia’s trade surplus was smaller than expected for October, at $2.3bn (market median $3.0bn and... FXstreet.com - MarketsAlso reported by •Seattle Times