ASA's Heisdorffer Testifies on Importance of Trade with China

ASA's Heisdorffer Testifies on Importance of Trade with China

ASA's Heisdorffer Testifies on Importance of Trade with China

To take note of as well, the research boutique further pointed out how although the Asian giant's surplus with most other countries had declined over the past two years, that with the U.S. was near record highs.

Sales of new energy vehicles, mainly comprising electric and hybrid vehicles, jumped by over 117% year on year to 68,000 units last month.

Some exporters already are reeling from previous United States tariff increases of up to 500 percent on washing machines, solar modules and some metal products, meant to offset what the Trump administration says are improper subsidies.

"We both have to do ease of doing business so that our procedures, red tape, and non-tariff barriers get sorted out so that investors from both the countries in their respective fields get the investment opportunities".

Honda's sales fell by 13% to 97,587 units in March with the brand hindered by engine problems which forced it to temporarily suspend sales of CRV and Civic models produced at its Dongfeng Honda Automobile joint venture last month.

Jacky Patel, the president of OM Lighting, an exporter of Chinese lighting products to several USA states including Florida, said the tariffs would be passed onto U.S. consumers.

"(China) wants to highlight that the Chinese navy is ever ready and secondly, it is a signal to the government in Taipei you better not go further", Collin Koh, research fellow at the S. Rajaratnam School of International Studies' Maritime Security Program, told CNN.

China and the United States - the world's two largest economies - are locked in an ugly trade spat with both sides hitting back at each other by imposing slapping economic tariffs. Its imports from the United States rose 8.9 percent in the quarter and 3.2 percent in March.

Some analysts had expected a pullback in March exports following an unusually strong start to the year, when firms stepped up shipments before the long Lunar New Year holiday in mid-February.

More news: Notable Stocks in the Spotlight: US Bancorp (NYSE: USB)
More news: Democrats' advantage in midterm election support shrinking
More news: President in London to attend CHOGM

"We believe export growth will slow due to yuan appreciation and rising trade tensions".

"The mission of building a mighty people's navy has never been more urgent than it is today", Xi, dressed in army fatigues, said in remarks on the helicopter deck of one of China's most advanced destroyers.

Xi said that China will sharply widen market access for foreign investors, a chief complaint of the country's trading partners and a point of contention for US President Donald Trump's administration, which has threatened billions of dollars in tariffs on Chinese goods.

That produced a trade deficit of US$4.98 billion for the month, but such shortfalls are not uncommon for China early in the year, likely due to seasonal factors.

Imports of commodities continued to lead the way in March as manufacturers replenished inventories ahead of a seasonal pick-up in demand.

Calculated with exchange rates of respective years, China's GDP accounted for 14.8 percent of the world economy in 2016, up from 12.5 percent in 2013.

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.

Indeed, the latest soundbites from Beijing will probably send the White House into fits of exasperation after China's trade figures were announced.

Under a so-called harmonised system of tariffs - Chinese products are now coded specifically so that the same product would face higher U.S. tariffs if used in a higher-tech sector like nuclear energy, rather than a more generic category like household electronics.

Recommended News

  • Nasa all set to launch new planet hunting mission TESS

    Nasa all set to launch new planet hunting mission TESS

    NASA is now targeting Wednesday for the launch of its next planet-hunting mission, the Transiting Exoplanet Survey Satellite, or Tess.
    Announcing Windows 10 Insider Preview Build 17133 for Fast

    Announcing Windows 10 Insider Preview Build 17133 for Fast

    The company said that the build carries no new features and only brings fixes for some issues. Insiders can download the new build by Checking for Updates in Settings.
    Donald Trump considered launching Syria strikes 'three times bigger'

    Donald Trump considered launching Syria strikes 'three times bigger'

    But the United Kingdom envoy to the OPCW said in a tweet Monday that "Russia and Syria have not yet allowed access to Douma ". He criticized the USA and its allies for launching the strike without waiting for worldwide inspectors to visit the area.
  • Prabhas Saaho will be Distributed by T-Series in north Indian markets

    Prabhas Saaho will be Distributed by T-Series in north Indian markets

    It is being shot at striking locations in, around and outside the country. #Saaho will be presented by TSeries and Bhushan Kumar. While Prabhas is a pan India star, the content and its treatment will make for a film having a global appeal.
    The Real Picture: What do you think about The Boeing Company (BA)?

    The Real Picture: What do you think about The Boeing Company (BA)?

    The rating was maintained by Berenberg with "Buy" on Monday, February 5. (NASDAQ:TSLA) on Thursday, March 8 with "Hold" rating. The ratio turned negative due to BA positioning: 65 sold and 614 reduced. 148 funds bought stakes and 391 increased stakes.
    China introduced a smartphone Nokia X

    China introduced a smartphone Nokia X

    So even if the device is released in China on 27 April, it probably wouldn't make its way to other countries by June-end or July. Another possibility being speculated is that HMD could be planning to take on iPhone X and the Nokia X may be a high-end phone.
  • Tobi, Cee C, Nina, Alex or Miracle: Who wins Big Brother Naija?

    Tobi, Cee C, Nina, Alex or Miracle: Who wins Big Brother Naija?

    Earlier, she had prayed for strength to get through the "tough week". Meanwhile, Nina has been chosen as the final head of the house. She had said: "It's going to be a very tough week".
    Judge: Facebook lawsuit over facial recognition may proceed

    Judge: Facebook lawsuit over facial recognition may proceed

    The Electronic Privacy Information Center has called on the FTC to investigate Facebook's facial recognition practices since 2011. Users sued in 2015 in a class-action lawsuit, which finally came into legal fruition earlier today, so to speak.
    The Walt Disney Company (NYSE:DIS)

    The Walt Disney Company (NYSE:DIS)

    Edgar Lomax Co decreased its stake in Morgan Stanley (MS) by 2.97% based on its latest 2017Q4 regulatory filing with the SEC. It improved, as 58 investors sold DIS shares while 690 reduced holdings. 162 funds opened positions while 508 raised stakes.
  • Big Tom Has Passed Away

    Big Tom Has Passed Away

    His family, I'm sure they are just devastated at his passing. "He was the pillar, we all referred to him as the king". Tributes are being paid to the late king of Irish country music, Big Tom McBride , who died today aged 81.

    Vermilion Energy Inc. (VET) Analysts See $0.13 EPS

    It dropped, as 46 investors sold NOC shares while 287 reduced holdings. 114 funds opened positions while 285 raised stakes. This could be $20.81 million profit for T_VET assuming the current $0.17 earnings per share will become reality.
    MPs and celebrities launch campaign for a referendum on the Brexit deal

    MPs and celebrities launch campaign for a referendum on the Brexit deal

    Mr Corbyn called for a new War Powers Act "so governments do get held accountable to Parliament for what they do in our name". May faced down her domestic critics as France's premier defended the "proportionate" response to the use of chemical weapons.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.