China's exports hold up despite USA tariffs


The high-stakes dinner between US President Donald Trump and his Chinese counterpart Xi Jinping in Buenos Aires on Saturday is likely to end with no joint statement or joint press conference, regardless of whether they achieve a breakthrough in their talks. U.S. President Donald Trump told The Wall Street Journal this week that he expects to impose another round of tariffs on China.

The United States targeted $250 billion in Chinese products, and Beijing lashed back by slapping tariffs on $110 billion worth of US goods.

"If we don't make a deal, then I'm going to put the $267 billion additional on", at a tariff rate of either 10 percent or 25 percent, Trump said. CGTN's Jessica Stone unraveled this in a report.

"As the President has repeatedly noted, China's aggressive, State-directed industrial policies are causing severe harm to US workers and manufacturers", Lighthizer said. "I am conservatively optimistic that can be done", he added.

White House spokeswoman Sarah Huckabee Sanders called the trip an opportunity for the president to cement relations with other world leaders and advance a global economic system based on "free, fair and reciprocal trade".

Asked about the European concerns, a USA official said progress was being made on the joint statement and the White House was "optimistic" about the document as a whole.

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"We can buy from Japan and South Korea or develop our own". It exported 53,300 vehicles to the USA market previous year and imported 280,208 US manufactured vehicles, according to data from the China Automotive Technology and Research Center (CATARC), a government-affiliated think-tank. Another USD 200 billion has been hit with a 10 per cent tariff with plans to increase that to 25 per cent on January 1.

Three days before a U.S. An Apple spokesman did not immediately respond to Reuters' queries.

China's exports to the United States and the rest of the world grew more than expected in October, official data showed Thursday, as its traders apparently rushed shipments across the Pacific ahead of higher tariffs.

Signing the agreement alongside Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto, Trump said he looked forward to working with the U.S. Congress to complete the terms of the deal and did not anticipate problems in passing it.

Despite using contract manufacturers to make most of its products overseas, Apple has also sought to emphasize its contribution to the US economy, saying it plans to spend about $55 billion in 2018 with its USA -based suppliers.