China’s exports fall more than 20% in February; overall trade data come in much weaker

China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S. Dollar-denominated exports plunged 20.7 percent for the month of February from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. January exports had risen 9.1 percent fromRead More

China says its 2018 trade surplus with the US was $323 billion — the highest it’s ever recorded

Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington was its largest in more than a decade. China’s surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was theRead More

US and China resume trade talks with both eager for compromise

US and Chinese officials held their first face-to-face negotiations since a 90-day truce was declared in a trade war between Washington and Beijing, in the hope of ending a bruising confrontation between the world’s two largest economies. Hopes that the sixth round of negotiations between the two sides could yield a breakthrough helped Asian shares rise onRead More

U.S.-China Trade Talks to Take Place in Beijing in Early Jan

A U.S. government delegation will travel to Beijing in the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said. Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to theRead More

China’s November trade surplus with U.S. widens to $35.55 billion

China’s trade surplus with the United States widened to $35.55 billion in November, compared with $31.78 billion in October, Chinese customs data showed on Saturday. For January-November, China’s trade surplus with the United States was $293.52 billion, compared with about $251.26 billion in the same period last year. China’s large trade surplus with the UnitedRead More

Dow plunges more than 600 points on confusion over status of U.S.-China trade deal

The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal. Investors, who had applauded the deal on Monday, turned sharply negative Tuesday. In midday trading,Read More

How U.S. and Chinese firms are outmaneuvering Trump in trade war

President Donald Trump’s tariffs on Chinese imports are having the desired effect of driving production out of China — but not to America. Less than a month after the Trump administration hit $200 billion worth of Chinese imports with a 10 percent tariff, Hong Kong-based furniture maker Manwah Holdings broke ground on an expansion ofRead More

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