China's March trade weakens, surplus with United States at $15.4B
17 April, 2018, 17:04 | Author: Wade Massey
Unlike a year ago, when US President Donald Trump sounded protectionist warnings that were largely dismissed as bluster, Chau and other factory bosses across China say the risks from this trade spat are now far more tangible.
The city of Dongguan is one of the main export hubs in southern China's Pearl River Delta.
The Commerce Ministry announcement Friday made no mention of jetliners, soybeans or other products that are the biggest USA exports to China by value.
At the 5th India-China Strategic Economic Dialogue in Beijing, Niti Aayog Vice Chairman Rajeev Kumar said that Beijing and New Delhi were unruffled by the "protectionist noises" and could well be the important anchor for the world economy.
Trump is demanding that Beijing take steps to narrow its trade deficit with the US, which Washington says stood at a record $375.2 billion previous year.
President John Heisdorffer today provided testimony before the House Committee on Ways and Means on the potential impact of Chinese tariffs on USA soybeans.
With the threat of tariffs hanging over almost a third of China's exports to the United States, economists at Nomura say its companies may have front-loaded shipments early this year before any measures kick in.
But at a more micro level, at the heart of China's vast industrial supply chains, the tariffs stand to exacerbate the pain of already struggling plants. "Like the USA, it's becoming more driven by domestic demand every year".
Chinese exporters supply most of the world's mobile phones, personal computers, televisions, toys and other light manufactured goods.
"We put a $50 billion tariff on, and then we put $100 billion tariff on".
In interviews with six other Chinese manufacturers of LED lighting products - another affected sector - four expect some closures of Chinese factories, particularly those making more generic products like bulbs and LED panels.
Dongguan's economic growth of 8.1 per cent past year while robust, does not fully reflect its long struggle to upgrade rusting factories and catch up with the likes of neighbouring technology powerhouse Shenzhen. "We ask this Committee and Members of Congress to help allow soybean farmers be part of the solution instead of collateral damage from a potential trade war", concluded Heisdorffer.
"The customer will have to pay 30 to 35 per cent more". With the future in mind, we need to treat each other with respect and as equals, follow a new approach to state-to-state relations featuring dialogue rather than confrontation, and partnership instead of alliance to work together for enduring peace. "We just have to go with the flow".
But Vice Commerce Minister Qian Keming said at the forum on Tuesday (10 April) that China's economic reforms were driven by domestic factors and not due to external pressures.
"The task of building a strong navy has never been as urgent as it is today", he said.
"So China is negotiating with us very hard, very long, and we've made a lot of progress for opening it up and for getting rid of those tariffs". If there is one thing the ChiComs are terrified of, it is social unrest.
Hi-tech products have been among its fastest growing export segments.
He said he will reduce tariffs on cars imported into his country.
The statistics bureau also will begin monthly release of a survey-based unemployment rate, the first regularly updated gauge for the world's biggest labor market that's similar to indexes for other major economies like the United States and Europe. Such a practice could technically be illegal.
Furthermore, the bilateral trade deficit with the United States in fact widened last month, reaching $15.4bn - its highest level in over a year.
Robert Manning, a US-China analyst at the Atlantic Council, calls Trump's view of global trade "nutty", but acknowledges that his tough talk may be working.
"'Now we're really negotiating and I think they're going to treat us really fairly", Trump said.
Investors can then use their newly-acquired Ethereum or Bitcoin to purchase QLINK using one of the exchanges listed above. BUY - SELL - EXCHANGE Golem Network Token (GNT) AT BEST RATE Aproximately 1.67M GNT worth $722,608 was traded.
Our leaders, Democratic and Republican, need to work together once again for the good of the people they are elected to serve. The poll surveyed 703 new-jersey adults by telephone April 610, 6 32 of whom are registered Republicans.
In the course of the earlier selection, Miracle suggested Cee-c but Alex disrupted it and suggested it be put to a vote. In the lounge, Tobi , Miracle , Cee-C, Nina and Alex were overwhelmed to see and hear messages from their loved ones.
Gianna Constand said Cosby admitted to her that he was a "sick man", and that he "felt like a dirty old perverted man". Constand testified that she felt a duty to answer Cosby's inquiries since he was a powerful alumnus and trustee.
Simon Sadler decreased its stake in Time Warner Inc (TWX ) by 37.25% based on its latest 2017Q4 regulatory filing with the SEC. Canyon Capital Advisors Llc bought 3.40M shares as the company's stock rose 1.97% while stock markets declined.
Other day, producer Bhushan Kumar of this film production and music distribution company met Prabhas and finalised the deal. The film also has Shraddha Kapor, Jackie Shroff and Neil Nitin Mukesh in key roles.
Also on Monday, Facebook confirmed that it collected information from people beyond their social network use. This is not the first time Facebook has been under fire for their facial recognition technology.
AMD has launched the 2nd generation Ryzen processors in India that start at Rs 12,990 and go all the way up to Rs 24,490. As an added bonus to buyers, AMD has announced that they will be including a free "Wraith" cooler with each CPU.
Greenwich Invest Mngmt reported 77,708 shares or 3.73% of all its holdings. 45 funds opened positions while 87 raised stakes. By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility.
Russian lawmaker Dmitry Sablin, who met with Assad, said he appeared upbeat and believed the airstrikes would unify the country. Putin have suggested that the aim of these USA -led airstrikes were essentially to prevent the OPCW from carrying out its work.
BDO partners Andrew Sallway, Andrew Fielding and James White were appointed administrators of the Jamie Oliver Restaurant Group (Australia) Pty Ltd on Monday.
Immigration bureau orders release of Australian nun
Sister Patricia Fox was taken from her home and brought to the immigration bureau in Manila for questioning and could be deported. The immigration bureau confirmed the Fox's arrest but declined to issue any statement until after the investigation is complete.
Clarence Street home raided in child-porn bust
A northwestern IN man faced state and federal charges alleging he produced child pornography, molested a child and produced bombs. A LaPorte County man faces almost a dozen state and federal charges for producing child pornography and making homemade bombs.
Lingering snow today before a quick break
The heaviest snow will be in southern Minnesota and northern Iowa, where up to 8 inches could accumulate through Wednesday . Once the storm exits the area, quiet weather should be the rule, with just some possible light rain next Tuesday .
Man City rocked by threat of two-window transfer ban
Guardiola wants to add to his squad but there is serious concern the court will decide City breached transfer rules. City argued that Garre held an Italian passport and was entitled to move after his 16th birthday.
Roll: Western lowland gorilla, Calaya, giving birth
Because they live deep in remote and heavily forested areas, it is hard to estimate the total numbers of gorillas in the wild. Calaya is a first time mom, and caretakers said she is doing an awesome job, cradling the baby and even breastfeeding.