China trade surplus with USA hits historic high & timing couldn’t be worse
14 Julio, 2018, 04:01 | Author: Kelly Blake
The figures come after the two sides exchanged tit for tattariffs on billions of dollars worth of goods and Donald Trump threatened to up the ante with measures on a colossal $200 billion of Chinese imports.
Last Friday, Trump rolled out 25% tariffs on $34 billion of Chinese goods.
Analysts expect to see the impact of the tariffs in July's figures. China's exports to the United States jumped by 13.6% in the first half of 2018 from a year earlier, while its imports from the USA rose 11.8% in the same period.
The June figures may have received a boost from USA and Chinese traders who rushed to fill orders for soybeans, ball bearings and other goods in both directions before threatened tariff hikes took effect.
China's trade surplus widened sharply amid escalating trade tensions with the USA, which is preparing to impose fresh tariffs on a further $200 billion in Chinese goods.
For January-June, it rose to $133.76 billion, compared with about $117.51 billion in the same period previous year. Imports expanded by 14.1 per cent to $175.1 billion, down from the previous month's 26 per cent.
Trump imposed $34 billion of tariffs on China, and another round of $16 billion is around the corner.
While China continues to benefit from strong global demand for its goods for now, the rising trade tensions with the United States has the potential to hurt both sides.
A spokesman for the hotel told The Global Times: "Our boss was really angry about the endless tariffs the United States planned to..." "Not only will Chinese exporters suffer but American consumers as well", she said.
"Targeting such a large amount of basic consumers will inevitably have an effect on U.S. inflation". China's trade surplus with the United States over the same period was $133.76 billion, up from $117.51 billion previous year.
A trade war between Washington and Beijing has led some Chinese hotels and restaurants to begin raising prices for American customers in an unofficial form of retaliation.
After a strong start to the year, growth in China's exports has moderated recently, and is expected to face more pressure from the initial round of U.S. tariffs.
In a sign Beijing is seeking alternative supplies of the commodities as it hit U.S. imports with extra tariffs, China had dropped import tariffs on a range of animal feed ingredients from several Asian countries.
China's foreign trade faces risks of slowing in the second half of the year, General Administration of Customs spokesman Huang Songping told a news conference, though he said Beijing was capable of handling challenges.
Embassy in Brussels, the president also lashed out at the Muslim mayor of London , saying he had done "a bad job". John Rees, of the Stop The War group, described Mr Trump as a "wrecking ball" as he addressed those gathered.
Twitter had announced the cleanup on Wednesday in reforms it said were aimed at safeguarding the confidence in follower counts. The social-media company warned on Wednesday that its crackdown on fake accounts means users will have fewer followers.
If he wins this year, he'll tie Breaking Bad's Aaron Paul for the most wins in the Supporting Actor in a Drama Series category. Saturday Night Live and Westworld both grabbed 21 nominations each, while The Handmaid's Tale secured 20 nominations.
John Isner and Kevin Anderson played a six-hour match in the Wimbledon semifinal due to a fifth set that refused to end. They have not, however, met since 2015 in Indian Wells where Isner won in straight sets 7-6 6-2.
De acuerdo a National Geographic , el rinoceronte negro tiene el labio superior en punta y el blanco lo tiene cuadrado. Los otros cinco se están recuperando y cancelaron el traspaso del resto del grupo.
Losing the rhinos is "a complete disaster", said prominent Kenyan conservationist Paula Kahumbu of WildlifeDirect. A black rhino looks on during a rhino translocation exercise in Nairobi National Park in Kenya last month.
Su futuro aún se mantiene en el aire y con la salida de Cristiano , es muy probable que el club blanco no deje salir a Bale . El análisis de su golazo histórico de chilena fue otro de los temas a analizar y Bale quiso explicar sus sentimientos.
Louis, Misuri falló a favor de las mujeres luego de un juicio que se alargó seis semanas y ocho horas de discusiones. Todavía hay más de 300 demandas pendientes en California y más de 4.500 denuncias en todo el país.
Dozens killed in bombings at Pakistan election rallies
Siraj's teenage son, Akmal Raisani, had also been killed in an attack during a football match in the same district in 2011. Underscoring the security threat, were Friday's bombings that killed 69 people in the latest election related violence.
Tesla's US Tax Credit Set To Come To An End
The Model 3, billed as a more affordable auto with a starting price of $35,000, is now delivered only in more expensive versions. Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until December 31.
Guerra comercial y depresión
A partir de ese momento, el presidente Donald Trump estará en condiciones de ordenar la aplicación de los aranceles . "La actitud de EE UU daña a China , al mundo y a ellos mismos".