profishingrods.com
profishingrods.com March 20, 2019


China's trade surplus with the United States grew in 2018 but tariffs bite

14 January 2019, 08:25 | Joann Bryant

China December exports unexpectedly drop

Donald Trump's trade war hits Chinese exports

China's global trade volume rose past year but its surplus with the world fell 16.2% to $351.76 billion in 2018, as imports rose 15.8% while exports gained 9.9%.

China's trade surplus with the United States rose to $323.32 billion past year, the highest on record going back to 2006, Reuters calculations based on customs data showed on Monday. In 2017, mutual trade amounted to $84.07 billion demonstrating a growth of 20.8 percent. At the same time, China's imports from Russian Federation grew by 42.7 percent, reaching $59.08 billion.

China's surplus with the United States is a hot-button issue with the administration of President Donald Trump, which slapped new import tariffs on billions of dollars worth of Chinese goods a year ago. China's surplus is the U.S.'s trade deficit.

The world's second largest economy stuttered in December, suffering its worst trading month in two years.




The customs administration said it will work to "improve the country's business environment and expand foreign trade in order to keep employment, the financial sector, foreign trade, foreign investment" stable.

"Private enterprises contributed more than half to China's foreign trade growth in 2018, a bright spot of China's foreign trade development", said the spokesman.

In December alone, China's trade surplus with the USA was $29.87 billion.



Other News

Trending Now

Alexandria Ocasio-Cortez HILARIOUSLY Claps Back At Joe Lieberman’s Controversial ‘Future’ Co
Kurt Schrader, D-Ore., said. "Democrats are insane to be criticizing this woman". "People are afraid of her", said one senior Democratic aide.

Red Sox, Mookie Betts Avoid Arbitration
His record-setting deal will establish the new standard for players with four-plus years of Major League Baseball service time. The website also predicts Jackie Bradley Jr ., who is in his second arbitration-eligible year, will receive $7.9 million.

Steve King condemns 'white supremacy' and says he's a 'nationalist'
The Times interviewed King for a story that delved into his past outspoken comments and views on immigration and race. Tim Ryan, D-Ohio, called for the House to formally censure King "for his racists remarks".

Game Of Thrones Season 8 Premiere Date Revealed In Cryptic New Video
Also, in case you missed it, HBO premiered the third season of True Detective tonight (that's where GoT's teaser aired). Along with the premiere date, HBO also released an nearly 2-minute long teaser, "The Crypts of Winterfell".

Celtics 4-Game Winning Streak Snapped by Heat
The Boston Celtics have dealt with a few ups and downs through the start of the 2018-19 National Basketball Association season. Winslow wore "RIP Sammy Farkas" on his sneakers, a tribute to a Miami Beach teen who died in a fall earlier this week.

Vicky Kaushal's URI takes a good start at the box office
RSVP Movies has given back to back hits at the box office with "Kedarnath" and now " Uri: The Surgical Strike ". Yami on Saturday shared a tweet regarding her latest release " Uri " and her performance in the film.

So happy.' Chris Pratt engaged to Katherine Schwarzenegger
Pratt, 39, revealed on Instagram that Schwarzenegger, the 29-year-old daughter of Arnold Schwarzenegger , accepted his proposal. Just a day prior, United States news media reported that Chris helped Katherine move out of her Santa Monica, California home.

Tyquan Lewis, Ryan Grant out for Colts versus Chiefs
The No Touchdown game. "It's a momentum swing and needing those points going into half and (I) didn't come through for us". The Chiefs took an early lead in the game and never let up, maintaining a large lead nearly the entire way.

Monster Hunter World Anniversary and Witcher Events Dated
In a new Monster Hunter World update, players can look forward to a new cross-over with The Witcher 3: Wild Hunt . Moreover, the " Monster Hunter World " anniversary event will run on all platforms, namely PS4, Xbox One and PC.

Guardiola: If De Bruyne has a problem, he knows where I am
And, of course, with transfer gossip front and centre of everyone's mind this month, there's plenty of that to consider, too. When you are exhausted in the last minutes, they put on new players. "It looks easy but it's not easy", said Guardiola.