Us China Trade Deficit
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US, China Reach Deal To Cut Trade Deficit
US Treasury Secretary Scott Bessent on Sunday reported "substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up.
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Amid Spiralling Tariffs, A Look At What US And China Import From Each Other
The ongoing trade war between the US and China has significant implications for the global economy. The two nations together represent 43% of the world's economic output, and the trade dispute is likely to hamper trade, investment and economic growth
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Inflation Ahead? Zoho Founder Sridhar Vembu's Big Warning As Trump Demands Reciprocal Trade
India may witness some economic hardships amid US President Donald Trump's push for balancing bilateral trade with threats of reciprocal tariffs, warned Zoho founder Sridhar Vembu.
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"Unfair Relationship": Trump's Message For China On "Trade Deficit"
US President Donald Trump, affirmed hope of having a "very good relationship" with China under his administration, while also stressing the need to have a "level-playing field" regarding the trade situation.
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"India's Heart With US": Minister On Staying Out Of China-Led Trade Bloc
At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.
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US Becomes India's Biggest Trading Partner, Surpasses China
In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21
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Rupee Ends Marginally Lower Against US Dollar
After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...
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Donald Trump, Xi Jinping Likely To Meet In March As Trade Talks Extended
US President Donald Trump said on Friday a trade summit with Chinese leader Xi Jinping was likely next month, and hailed two days of "very good talks" by negotiators.
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Donald Trump Tariffs Bring In Additional $9 Billion In First Quarter
The steep trade tariffs President Donald Trump imposed last year brought an additional $9 billion into the government's coffers from October to December but the deficit was still 42 percent higher than the prior year, the US Treasury reported Wednesday.
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China Seeks Talks With India To Push Asia Trade Pact: Report
India's imports from China have been rising for a while with the deficit reaching $55.6 billion in 2017 compared to $48.19 billion in 2015.
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US Should Avoid "Strategic Misjudgement," Says China Amid Trade War
China on Sunday urged the US to take more objective view of its pledge to take measures to bring down the bilateral trade deficit and said that the two countries should enhance strategic mutual trust and avoid "strategic mis-judgement".
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Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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Rupee Hits Fresh Record Low Of 70.32 Against US Dollar: 10 Points
The rupee hit a fresh record low of 70.32 against the US dollar in early trade on Thursday. Experts believe that the rupee is unlikely to recover soon. Asia's currencies also remained under pressure, with the dollar holding near 13-month peaks as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven ...
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First Time In 20 Years, China's Imports Exceed Its Exports
Amid the trade war with the US, China has reported a current account deficit of $28.3 billion in the first half of this year, which is the first in 20 years for the world's second largest economy.
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China Agrees To "Substantially" Slash $370 Billion US Trade Deficit
The United States and China said Saturday they had reached consensus on measures to "substantially" reduce the US trade deficit with Beijing by "significantly" increasing its purchases of US goods, but offered few details.
-
US, China Reach Deal To Cut Trade Deficit
US Treasury Secretary Scott Bessent on Sunday reported "substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up.
-
Amid Spiralling Tariffs, A Look At What US And China Import From Each Other
The ongoing trade war between the US and China has significant implications for the global economy. The two nations together represent 43% of the world's economic output, and the trade dispute is likely to hamper trade, investment and economic growth
-
Inflation Ahead? Zoho Founder Sridhar Vembu's Big Warning As Trump Demands Reciprocal Trade
India may witness some economic hardships amid US President Donald Trump's push for balancing bilateral trade with threats of reciprocal tariffs, warned Zoho founder Sridhar Vembu.
-
"Unfair Relationship": Trump's Message For China On "Trade Deficit"
US President Donald Trump, affirmed hope of having a "very good relationship" with China under his administration, while also stressing the need to have a "level-playing field" regarding the trade situation.
-
"India's Heart With US": Minister On Staying Out Of China-Led Trade Bloc
At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.
-
US Becomes India's Biggest Trading Partner, Surpasses China
In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21
-
Rupee Ends Marginally Lower Against US Dollar
After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...
-
Donald Trump, Xi Jinping Likely To Meet In March As Trade Talks Extended
US President Donald Trump said on Friday a trade summit with Chinese leader Xi Jinping was likely next month, and hailed two days of "very good talks" by negotiators.
-
Donald Trump Tariffs Bring In Additional $9 Billion In First Quarter
The steep trade tariffs President Donald Trump imposed last year brought an additional $9 billion into the government's coffers from October to December but the deficit was still 42 percent higher than the prior year, the US Treasury reported Wednesday.
-
China Seeks Talks With India To Push Asia Trade Pact: Report
India's imports from China have been rising for a while with the deficit reaching $55.6 billion in 2017 compared to $48.19 billion in 2015.
-
US Should Avoid "Strategic Misjudgement," Says China Amid Trade War
China on Sunday urged the US to take more objective view of its pledge to take measures to bring down the bilateral trade deficit and said that the two countries should enhance strategic mutual trust and avoid "strategic mis-judgement".
-
Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
-
Rupee Hits Fresh Record Low Of 70.32 Against US Dollar: 10 Points
The rupee hit a fresh record low of 70.32 against the US dollar in early trade on Thursday. Experts believe that the rupee is unlikely to recover soon. Asia's currencies also remained under pressure, with the dollar holding near 13-month peaks as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven ...
-
First Time In 20 Years, China's Imports Exceed Its Exports
Amid the trade war with the US, China has reported a current account deficit of $28.3 billion in the first half of this year, which is the first in 20 years for the world's second largest economy.
-
China Agrees To "Substantially" Slash $370 Billion US Trade Deficit
The United States and China said Saturday they had reached consensus on measures to "substantially" reduce the US trade deficit with Beijing by "significantly" increasing its purchases of US goods, but offered few details.
