China's trade surplus with the United States hit record highs in September

12 October, 2018, 22:54 | Author: Billie Castillo
  • Mike Pence warned that China had abandoned “the pathway to freedom”

"The way the USA has structured the tariffs encourages frontloading because firms that know they're going to hit with tariffs would rather pay 10 percent than 25 percent", he said.

The Trump administration has so far imposed tariffs on 250 million dollars-worth of Chinese goods, with Beijing retaliating in kind.

China has steadfastly denied that it has manipulated the yuan to cope with the tariffs.

Now Mike Pence, the vice-president, has raised the stakes with a ferocious broadside against Beijing, accusing it of engaging in a military, economic and political campaign to... That's significantly higher than the $196 billion recorded between January and September previous year.

China-U.S. relations have also been roiled by Beijing's heated objections to U.S. support for Taiwan, the self-governing island democracy it claims as its own territory, as well as China's claim to virtually the entire South China Sea, where the U.S. says a Chinese destroyer came aggressively close to a U.S. Navy ship late last month, forcing it to maneuver to prevent a collision.

Year-on-year, its overall exports grew faster than expected in September, at 14.5 per cent in dollar terms compared with 9.8 per cent in August, while growth of imports slowed to 14.3 per cent from 20 per cent, the customs administration said.

Donald Trump Likes Taylor Swift's Music "25 Percent Less" After Democrat Endorsements
After 24-hours and almost two million Instagram likes later, Vote.org said Tennessee voter registration jumped 65,000 in a day. Blackburn adamantly denied the singer's claims saying, "Of course I support woman and I want violence to end against women".

The yuan has fallen for weeks against the USA dollar, dropping nine percent in the past six months, which mitigates the rise in the price of Chinese goods caused by punitive U.S. tariffs.

Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela's heavy grades as China's road construction sector-a key consumer of the heavy oil's bitumen yield-is booming.

"I have a lot more to do if I want to do it".

But China has been standing firm, repeatedly saying that the only solution was through negotiation and compromise on both sides.

"Bullying might be effective for small economic entities, but it will not be effective against a big economic power", Yu wrote in a column published Friday in the state-run China Daily. But that might hurt China's economy by encouraging an outflow of capital.

"I don't want to do it, but they have to come to the table".

Recommended:



Popular

Pope Accepts Resignation of Washington Archbishop After Sex Abuse Coverup Claims
In his letter to Wuerl, the pope said he recognized that Wuerl wanted to step down for the greater good of the Church. He then moved to the Diocese of Washington D.C. and was eventually named a Cardinal in the Catholic Church.

Man United Considering January Move For Zlatan Ibrahimovic
Lloris is the other member of Didier Deschamps' triumphant squad nominated while Real Madrid striker Karim Benzema, an outcast at global level, made it a seventh Frenchman on list for the award.

Trump says Fed ‘making a big mistake’ by being too aggressive
He was persuaded by Treasury Secretary Steven Mnuchin that Powell, who was already a Fed governor, would be a force for stability. If Trump goes further and tries to remove Powell or otherwise influence Fed policy, it could cause him bigger problems.

Pakistan to seek IMF loan to avert meltdown
It sees the unemployment rate dropping to 3.9 percent in 2018 and to 3.5 percent in 2019. The possible failure of Brexit negotiations also dampened the eurozone's growth outlook.

Royal Wedding Redux: This Time It's Princess Eugenie
There will be a number of charities among the 1,200 invited guests, including the Royal National Orthopaedic Hospital, the U.N. The policing costs will have been increased by the 1km carriage ride the couple will make through the town after the ceremony.

FortisBC asks customers across province to reduce gas use after pipeline rupture
The line ruptured and exploded, and a second line was temporarily shut down as a precaution. The pickups were suspended to save the natural gas used by trucks that collect the waste.

Google to shut down Google Plus after user information exposed
Those who are very panicked may find solace in the fact that Google did state that the firm only keeps API log data for two weeks. Google has finally given up on its aspirations to take on Facebook by shutting down its only social media platform Google Plus .

Kanye West defends support for Trump, in front of Trump
A number of Manchester United fans have criticised the club for sharing a photo of Kanye West in the club's gear on Twitter . At the White House, West continued to praise Trump at the meeting, at one point running around the desk to hug him.

Disney Finds a Diamond in the Rough with Aladdin Teaser Trailer
Aladdin plans to uses these wishes to win over the attractive Princess Jasmine, but the evil Jafar has other plans. Fans will be relieved to know animal sidekicks Abu, Iago and Rajah are expected to be in the movie.

Kanye: 'Trump hat made me feel like Superman'
The club shared an image of the typically straight faced Kanye West , with the caption: 'The worldwide break has got us like'. And not only did he greet Trump with a big, affectionate cuddle, he also dubbed himself a "crazy motherfucker".