China's trade surplus with the United States grew in 2018 but tariffs bite

At the same time, China's imports from Russian Federation grew by 42.7 percent, reaching $59.08 billion. Import growth declined to 12.9 per cent from the previous year's 15.9 percent.

China's exports rose 9.9 percent in 2018, its strongest trade performance in seven years, despite growing disruptions from an escalating trade war with the United States, customs data showed on Monday.

That compared with about $275.81 billion in 2017.

However, the data show December exports to US contracted 3.5 percent compared with year ago as Trump tariff hikes hit.

Traditionally China imports vast quantities of American soybeans in the second half of the year, long making it the most valuable import from the US.

The customs administration will work to "improve the country's business environment and expand foreign trade.in order to keep employment, the financial sector, foreign trade, foreign investment" stable, Li said.

Cadillac Takes Aim at Tesla With SUV Priced Below Model X
The brand has also confirmed that "a variety" of electric cars based on the BEV3 platform will be added to its lineup. For now, scope out the two images and stay tuned to AutoSpies.com as we update the site tonight and into tomorrow.

Rafael Nadal happy with new serve after comfortable win
It seemed Boulter wasn't told, fist-pumping and walking to the net at 7/4 before being reminded of the new rule. Berdych was the 2010 runner-up at Wimbledon and he twice has been a semifinalist at the Australian Open.

Maroon 5, Travis Scott, Big Boi to perform at Super Bowl 2019
Artists including Rihanna, Adele, Jay-Z, Pink and Cardi B all reportedly turned down the spot, citing the Kaepernick situation. Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here.

The Customs office is expected to release trade numbers for December later in the day. China's surplus is the U.S.'s trade deficit.

Renewed fears over the strength of the global economy piled pressure on stock markets and commodity prices this morning after China revealed a sharp drop in exports.

In 2018, the USA imposed billions of dollars worth of tariffs on Chinese products, prompting retaliation from Beijing and a trade war that analysts fear could escalate further and damage the global economy.

The country's global trade surplus was $352 billion.

Official data also showed the manufacturing sector contracted in December for the first time in more than two years.

Related:

Comments

Latest news

Ford Explorer hybrid and ST revealed
The engine bolts to a quicker-shifting 10-speed automatic transmission with paddle shifters that routes power to all four wheels. The ST stands out from the standard Explorer thanks to a blacked-out grille, unique lower-body panels, and special badging.

PG&E's Former CEO to Walk Away With Millions After Wildfires
State fire investigators blamed the utility's power lines for causing a number of California wildfires in October 2017. On the PG&E website, the company stated it would, "initiate voluntary reorganization proceedings under Chapter 11".

Game of Thrones Season 8 Trailer (HD)
This was posted after the Season 5 episode where Sansa goes into the crypts of Winterfell and finds a feather on Lyanna's statue. We do know the final installment will consist of six episodes that are basically like movies, HBO boss Richard Plepler said.

White House ordered shocking request for potential attack on Iran
The US blamed Iran-aligned militants for the incident, although there were no immediate claims of responsibility for the attack. He penned a 2015 New York Times opinion piece prior to his current role titled "To stop Iran's bomb, bomb Iran".

Lleyton Hewitt makes his Australian Open predictions
Alex de Minaur won two matches in a day to claim his first ATP Tour title in his hometown at the Sydney International . " It's surreal.

Gdansk mayor dies after stabbed on stage at charity event
The assassination of Adamowicz, a six-term mayor who often mingled freely with citizens of his city, sent Poland into shock. Gdansk Archbishop Leszek Slawoj Glodz, who was at the hospital during the surgery, said he was praying for a "miracle".

Dave? Dave? Kansas City man gets tickets for helping Chief
For quarterback Andrew Luck , the 29-year-old found it to be a fulfilling campaign despite the end result. In that contest, Lawrence Tynes missed a 23-yarder for Kansas City.

Kammenos leaves ruling coalition in Greece ahead of Macedonia name vote
As a result the Greek government - a sketchy coalition at best - has gone into a tailspin. For the Greeks, Macedonia is significant as the cradle of Alexander the Great's empire.

Jayme Closs’ aunt shares how teen spent her first day home
Kristin Kasinskas opened it to find her neighbor and a skinny girl with unkempt hair and oversized shoes. We've actually been able to bring her home to Barron County. "She was very calm", Peter said.

Duchess Meghan's female bodyguard latest to leave her side
Last year Markle's personal assistant, Melissa Touabti, reportedly resigned after just six months. Everyone was very sad at the news.

Chris Pratt Engaged to Arnold’s Daughter Katherine Schwarzenegger
Just a day prior, U.S. news media reported that Chris helped Katherine move out of her Santa Monica, California home. He was previously best known for his supporting role in the hit television show Parks and Recreation .

Dead After Military Cargo Plane Crashes In Iran
The incident occurred close to Fath airport west of the capital, Tehran, on Monday, the semi-official news agency said. The army's statement came after some confusion over who owned the plane.

Million People Have Already Been Sick With the Flu Says CDC
While the number of cases has decreased this week, those that were reported are spread out across a wider area. Food and Drug Administration approved the first new flu medication in almost two decades previous year .

Man City boss Guardiola admits Neves interest: But not at that price
Pep Guardiola conceded Manchester City face a hard task beating Barcelona and Real Madrid when it comes to transfers. The former Barcelona and Bayern Munich boss added: "Specifically with Fernandinho's role, it's so hard to find".

Kingdom Hearts 3 Post-Launch Plans Include Epilogue and 'Secret Movie'
There are a few little perks available to you when you preorder the merchandise of Kingdom Hearts 3 Standard edition. Go behind sora and his friends as they attempt to stop Heartless, an evil force, as they hold over the universe.

Other news