President Donald Trump has announced that the US will delay imposing further trade tariffs on Chinese goods. The rise in import duties on Chinese goods from 10% to 25% was due to come into effect on 1 March. Mr Trump said both sides had made “substantial progress” in trade talks, which sent Chinese stocks up nearly 5%. He added that… Read more »
(BBC): The US should block access to islands built by China in contested waters of the South China Sea, Donald Trump’s nominee for secretary of state says. The comments, which are likely to hike tensions with Beijing, were made by Rex Tillerson at his confirmation hearing. Beijing has been building artificial islands on reefs in waters also claimed by other… Read more »
(CNBC): For the month, exports decreased 6.1 percent on-year in dollar-denominated terms, compared with a 0.1 percent increase in the previous month, Reuters reported on Friday, citing official data. Imports meanwhile rose 3.1 percent from a year ago, down from November’s 6.7 percent growth. December’s trade balance stood at $40.82 billion, versus $44.61 billion in the previous month For 2016, Chinese… Read more »