Good Articles to Share
China's trade surplus with the US grew in June
July 13): China on Friday reported that its trade surplus with the U.S. grew to $28.97 billion in June, according to data from China's customs office.
In May, the surplus had been $24.58 billion. The new surplus is the highest on record, according to Reuters calculations.
Overall, China said both its imports and exports with the U.S. rose in the first half of 2018.
Exports to the world's largest economy rose 5.7 percent against the prior year-ago period in yuan terms, said the customs office. Imports from the U.S., meanwhile, correspondingly rose 4 percent.
More information on the trade between China and the U.S. was expected later in the day.
The politically-sensitive data came amid escalating trade tensions between U.S. and China.
But yesterday, China's customs office said it will not put in place any special regulatory measures targeting American goods, and also will not delay the movements of these goods at ports.
President Donald Trump has consistently deemed trade with China unfair to America and has demanded that Beijing address the issue.
But, China's trade surplus against the U.S. has grown even though the Asian country's total surplus has narrowed over the last two years.
Earlier this week, Trump's administration released its list of $200 billion worth of Chinese goods that it said it aims to subject to 10 percent tariffs following a review process. China threatened retaliatory action and pledged that it would lodge a complaint with the World Trade Organization.
Last week, U.S. tariffs on $34 billion in Chinese products went into effect. China responded by slapping 25 percent duties on the same amount in U.S. goods.
China ran a $375 billion goods trade surplus with the United States in 2017. - CNBC
More articles on Good Articles to Share
Kremlin says it has yet to see accusations against Telegram's Durov
Created by Tan KW | Aug 26, 2024
Le Pen rejects leftist premier as France wait and see who Macron picks
Created by Tan KW | Aug 26, 2024
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
.png)
Apps
Top Articles
1
Koon Yew Yin's Blog
3
Koon Yew Yin's Blog
4
6
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lotsofmoney
Every buyer in US is stocking up China products and locking in the traffic profit.
2018-07-13 12:26