China’s trade surplus with U.S. hits record high of US$34 billion
China’s trade surplus with U.S. hits record high of US$34 billion
China’s Exports, Imports Grow, as Does Trade Surplus With US
13 October, 2018, 05:25
"Their economy has gone down very substantially", he said.
"The United States can not ignore the national security implications of China's efforts to obtain nuclear technology outside of established processes of US-China civil nuclear cooperation", Energy Secretary Rick Perry said in a statement.
"We expect the dynamic to change once we get a bit deeper into this, but for now China is trying to outrun the next round of tariffs", he said.
The White House is moving ahead with plans for President Trump to sit down with China's leader amid increasing tensions between the two countries over trade during a G-20 summit meeting next month in Argentina, according to a report Thursday.
China has responded by imposing counter tariffs, which the Trump administration alleges show political interference by targeting products from key states in next month's congressional elections.
China's large trade surplus with the United States has always been a sore point with Washington and is at the center of an increasing bitter dispute between the world's two biggest economies.
This appears to have had some impact on Chinese imports of American products, which dropped by 9 percent last month.
US President Donald Trump warned on Thursday there is "a lot more" he could do to hurt China's economy.
Stocks plunge again; Dow's two-day loss reaches 1,300 points Stocks are in the midst of a scary October slump, sliding sharply because investors are anxious about rising interest rates. China was among the hardest hit overseas, with indexes in Shanghai and Hong Kong falling 5.2 and 3.5 percent, respectively.
Kudlow said that so far, the administration viewed China's negotiating offers as "rather unsatisfactory" but that "maybe talks between the two heads of state will bear fruit".
The Wall Street Journal and the Washington Post both cited officials saying Trump has chose to proceed with the meeting with Xi. "The president is concerned about the Fed raising interest rates too much and slowing down the economy".
Commenting on this week's plunge in stock markets, Mnuchin called it a "natural correction", CNBC reported. Washington accuses Beijing of manipulating its currency in order to gain trade advantages.
He said that in the discussions he had with the Chinese, they had made clear that they didn't see a further weakening of the Chinese yuan as being in their interests.
But new figures suggest that the plan may not be working as the United States trade deficit with China reached a new high of £26billion ($34.1billion).
The Chinese yuan has lost almost 10 percent of its value against the US dollar this year.
"Until they allow their currency to float freely, they are guilty", said Dan DiMicco, a former chief executive officer for the steelmaker Nucor Corp. who was an adviser to Trump's campaign and presidential transition and now sits on an advisory committee for U.S. Trade Representative Robert Lighthizer.
Pakistan , who were 45-3 overnight, declared 7.5 overs after lunch on 181-6 at the fall of Asad Shafiq's wicket for 41. Yasir Shah celebrates after he dismissed Australian Marnus Labuschagne in first Test in Dubai, Oct 11, 2018.
Banksy works including Slave Labour are due to go under the hammer and auctioneers have promised no items will "shred or explode". The gallery version that was up for sale on Friday was rendered in 2006, and it was signed and dedicated on the back.
Complaining about prison sentences, West said that people fall through a "trap door" and "end up next to the Unabomber". Kanye also gifted Ivanka Trump a "Make Earth Great Again" hat and Jared Kushner a "Travel Space Again".
In southeastern North Carolina, where residents are still recovering from Hurricane Florence, up to 4 inches of rain is forecast. Winds will be less than 20 miles per hour for the northern half of the state as the main impact comes across southeast Alabama.
Dutta even complained to the choreographer, producer and director hoping some action would be taken and everything would be fine. His complaint alleges that the video is edited in such a way that it appears like he was speaking against Tanushree.
Click on the video above to watch the moment Brees became the NFL's all-time leading passer with a 62-yard TD strike. And, the previous record holder Peyton Manning sent him congratulations. "Thanks to you, that's over now".
It also provides for a reduction of weaponry and guards at the border and the defining of sections of the Demilitarised Zone. South Korea is backtracking on possibly removing sanctions against North Korea. "We have very big sanctions", Trump said.
The 55-year-old has had very public fights with stars such as Paul Pogba , but there are others who remain frustrated by Mourinho. The man most commonly linked with replacing Mourinho at United is former Real Madrid manager Zinedine Zidane .
Swift said that although she would like to continue supporting female politicians, she came out against incumbent Republican U.S. This year's AMAs are once again hosted by Tracee Ellis Ross, star of ABC's sitcom Black-ish.
It's a reflection of her outdated understanding of Africa. "@ FLOTUS we don't want to talk about your fashion choices either". Trump has twice tried unsuccessfully to slash USAID's budget by a third. "It's very emotional", Trump said after her visit.
We'll see what happens with Khabib and what's next. "The guys who jumped in will never fight here", said White in the conference. In regards to the post-fight scenes and how it all came to a head, Raimondi believes UFC "have some culpability".
Samsung Unveils the 4-Camera, Midrange Galaxy A9
Next up there's the 10MP f/2.4 Ultra-Wide camera that has a 120 degree viewing angle that's meant to be the same as the human eye. Samsung withheld a good deal of information when it comes to the Galaxy A9 (2018)'s release date, pricing, and availability .
Melania Trump says she is 'most bullied person in the world'
Melania Trump demanded "hard evidence" as the only standard of proof for sexual assault - but insisted she stands with women. During the 2016 election, Melania dismissed the accusations of sexual misconduct against her husband as political hit jobs.
Emergency Teams Meet To Prepare For Storm Callum
Storm Callum is expected to bring torrential rain and winds of up to 70 miles per hour to parts of the United Kingdom on Friday. The remainder of the country is covered by a Status Yellow Wind Warning and will remain in place until 9am Friday.
CC Sabathia Plans To Pitch In 2019
Sabathia got in some trouble early, walking Xander Bogaerts to load the bases in the first inning before escaping the jam. Kimbrel served up a down-the-middle fastball at 98 miles per hour to Sanchez, who demolished it high into the night sky.
Rand nudges upwards as Mboweni takes over from Nene
Nene's example by volunteering to give testimony at the national inquiry into corruption so that their conduct can be reviewed. Ramaphosa said Nene wrote to him on Tuesday requesting to step down‚ and he had chose to accede to the request.
OnePlus 6T will be revealed on October 30th
As for the design, most rumours are pointing towards a similar phone as the OnePlus 6, except with a water droplet-style notch. But, unfortunately, it requires quite a lot of space and the company had to ditch 3.5mm audio jack in the OnePlus 6T .
Tua Tagovailoa throws four touchdowns in first half
Tua Tagovailoa's had another big day at quarterback as the Tide's starter went 10-of-13 passing for 334 yards and four touchdowns. Once again, Tagovailoa connected with Smith for a huge gain near the Arkansas 20 before cornerback Ryan Pulley forced a fumble.