US, China "Miles And Miles" Away From Resolving Trade War: Official
Friday, January 25, 2019, 7:20 AM
Washington and Beijing are "miles and miles" from resolving their trade war, US Commerce Secretary Wilbur Ross said. A high-level Chinese delegation is due in Washington next-week as both sides work to reach a resolution ahead before March-1, when US duty rates on Chinese imports are due to rise sharply. Trump and Xi Jinping had agreed to a 90-day ceasefire amid rising trade tensions.
China's Surplus With US Hits New Record In November
Saturday, December 8, 2018, 5:38 PM
China's trade surplus with US ballooned to a record USD 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. Relations between the world's top two economies continue to be tense despite a trade war truce struck between US President Donald Trump and his counterpart President Xi Jinping last week.