China-US Trade Surplus Up in 1st Quarter, Down in March

China's March exports unexpectedly fall but 1Q trade surplus with US soars

Chinese President Xi Jinping inspects huge naval drills in South China Sea

Each year, 120 million Chinese vacationers head to foreign destinations to see the sights, which makes China the biggest tourism source market in the world.

But Wall Street is getting increasingly nervous.

"China will always be a defender and contributor to multilateral trade systems", he said. "There are only losers".

U.S. President Donald Trump called it and China blinked.

China's tit-for-tat, retaliatory tariffs on American agriculture imports may not have gone into effect, but USA farmers say their businesses are already taking a springtime hit.

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

Of course, it may not come to that.

"We still have the most desirable market in the world and it is about time we start leveraging access to that market to negotiate better trade terms. Avoiding a trade war will benefit all countries", Musk tweeted after Xi's speech.

Other military experts suggested that the Chinese exercises were meant to call attention away from the current tensions between the USA and Russian Federation over Syria, and that they represent a gesture of support for Moscow on the part of Beijing.

Ma said that embassy workers had contacted every Chinese national and "overseas Chinese" living in Syria to ensure they were safe.

But a stronger currency could also be starting to erode Chinese exporters' competitiveness.

He says if Trump wants to counter this, he should "pursue a more consistent set of military and economic policies to compete with China". The tariffs, if imposed, would target about 1,300 Chinese products, including industrial robots and telecommunications equipment. Moreover, China now has the most extensive air connectivity with Nepal.

According to an article Thursday in the WS-J, siting un-named sources, next week the US Trade Representative may lay out in detail the products on $100-B list of Chinese goods that may be subject to 25% import tariffs. China has been quick in drawing up trade retaliation options against the US. Or it could raise USA interest rates by selling Treasury bonds or buying fewer of them. "And I don't blame China; I blame our representatives that - our people over the past, our Presidents and negotiators and trade representatives - that they allowed this to happen", he said.

The dispute "creates uncertainty and confusion for the business community", he told AFP, noting that some firms could be hit by a "double whammy" of higher costs for inputs from China, and higher prices for the goods they export to the country.

China's trade surplus with the United States jumped 19% in the first three months of the year compared to the same period last year, the Customs Administration in Beijing said Friday.

Trump, who received overwhelming support in rural America in the 2016 presidential election, has directed Agriculture Secretary Sonny Perdue "to implement a plan to protect our farmers and agricultural interests". Will Beijing find different ways to harm the US economy? "As a result, they might demand retaliation against USA exports or subsidies of their own".

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