The countries have exchanged tariffs on $360 billion in a two-way trade.
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
The White House said on Friday that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan.
Trade talks between the US and China broke up on Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports.
The United States and China have agreed to a tentative truce in their trade dispute ahead of a meeting between leaders of the two nations at the G20 summit this weekend, the South China Morning Post reported on Thursday, citing sources.
China wants to reach an initial trade deal with the United States, President Xi Jinping said on Friday, but is “not afraid” to fight back when necessary and will enact economic reforms at its own pace.
Breakbulk Middle East, an internationally acclaimed conference and exhibition, reveals ‘Education Day” initiative. The event, which will take place from 25th February to 26th February 2020 at Dubai World Trade Center,
Experts and analysts revealed during the 8th Chief Audit Executive Conference (CAE) in Dubai that the UAE is marching ahead in the region in adopting Artificial Intelligence and smart technologies.