Published: Tue, April 17, 2018
Global | By Marsha Munoz

China's trade surplus with U.S. rises

China's trade surplus with U.S. rises

"Very thankful for President Xi of China's kind words on tariffs and automobile barriers", Trump said on Twitter on Tuesday.

At a time when the U.S. is increasingly backing away from global commitments, China and India can fill in the vacuum, just as they did in the case of climate change negotiations where both countries pledged they will reducing greenhouse gases by 2020, even as the USA later pulled out of the Paris Accord.

He reiterated that China does not want a trade war with the US.

The quarterly trade figures came alongside data showing China's exports declined unexpectedly in March, while imports grew more-than-expected.

Chinese President Xi personally reviewed the troops himself from the deck of the Chinese destroyer Changsha on Thursday, speaking to the troops about the need for the navy to become "world-class".

"China's development has not only brought benefits to Chinese citizens, but also provided development opportunities to all other countries", the bureau said.

A USTR statement said possible measures include a 25 percent tariff on Chinese-made aerospace, computer and information technology and machinery but gave no details.

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Taiwan has been self-governed since a bloody civil war ended in 1949, forcing the defeated nationalists to flee to the island and continue to rule under the banner of the Republic of China. Is Chinese policy really changing?

Beijing's Taiwan Affairs Office on Wednesday warned against additional moves to strengthen relations with Taiwan.

US President Donald Trump last week threatened tariffs on a total of USD150 billion worth of Chinese imports to the US.

China is unlikely to respond until Washington acts but might launch an investigation of imports of USA corn and soybeans "as a warning shot", said Parker.

Chinese purchases of those goods past year totaled $3 billion, the ministry said.

"That's a risky trend", Richard McGregor, senior fellow at Sydney's Lowy Institute, told CNN.

Taiwan's defence ministry said the exercise was staged in light of a "changing worldwide and regional security situation" to test the military's combat readiness and its ability to defend Taiwanese territory.

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Taiwan dismissed China's scheduled military exercise as "routine", adding the island can ensure its own safety.

Though that call created diplomatic ruptures with China, in recent months Trump has looked to build closer ties between Washington and Taipei.

"We have repeatedly told the USA side that steel and aluminum imports from its ally Japan will not adversely affect America's national security, and that Japan should be excluded", said Chief Cabinet Secretary Yoshihide Suga. We can not guarantee that it is suitable for the visually or hearing impaired.

Issuing a word of caution, Bonnie Glaser, director of the China Power Project at CSIS, said China's forthcoming military drills were likely planned months in advance and were unlikely to be tied to recent events. We believe that expanding market access can play a vital role in increasing our agricultural trade surplus.

At present, the initiative is participated in by more than 100 countries and worldwide organizations, with more than 80 having signed cooperation agreements with China. It said that Chinese manufacturers that supply inputs to targeted sectors would see reduced demand and more pricing pressure.

"You can't simply take Taiwan over".

Xi also said China would speed up opening up of its insurance industry, with Shanghai Securities News citing a government researcher after the speech saying foreign investors should be able to hold a controlling stake or even full ownership of an insurance company in the future.

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The just-completed naval drills off Hainan underscored China's growing capabilities in defending its maritime interests and territorial claims, particularly in the disputed South China Sea. Now, they hadn't sold it in, what, 14 years or something.

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