Rolls of steel are stacked inside the China Steel Corporation factory
Wall Street economists were expecting an increase of just 8.5%. He's mistaken. If the trade balance is your religion, free trade ought to be your church.
An economist in Asia advised that not too much should be read into the growth in exports during February as holiday disruptions, which took place last year in January, but this year in February, making that data during the first part of each year very volatile.
Trade tensions between the world's two largest economies have risen since Trump took office in 2017, and although China only accounts for a small fraction of USA steel imports, its massive industry expansion has helped produce a global glut of steel that has driven down prices. The U.S. president has threatened a host of actions to constrain China, including tariffs on imports of steel and aluminum he plans to announce Thursday.
Such a move aims to counter cheap imports, especially from China, that Trump says undermine USA industry and jobs.
Why Some Canadian Doctors Are Trying to Get Paid Less, Not More
The MQRP petition refers to the such conditions adding that the only thing immune to healthcare system cuts are salaries received by the doctors.
Yesterday Stock's Trend: PACCAR Inc. (PCAR), Kellogg Company (K)
Fuller & Thaler Asset Management Inc. acquired a new position in shares of PACCAR during the fourth quarter valued at $171,000. A number of hedge funds and other institutional investors have recently made changes to their positions in the business.
Head of United States forest service resigns over misconduct allegations
Chief Tooke has determined that it is best for the Forest Service, its future, and its employees that he step aside. Secretary of Agriculture, appointed Tooke as Forest Service Chief in August previous year , replacing Tom Tidwell.
While China is producing 50% of the steel in the world, most never leaves the country therefore the impact of the proposed tariffs in the USA on steelmakers in China is not expected to be big. According to the people, Trump administration officials made the request to Liu He, the main architect of China's economic policy, last week when he was in Washington.
Chinese Foreign Minister Wang Yi said Thursday that stoking a new Cold War is out of sync with the times and inciting bloc confrontation will find no market.
Pointing out that Mr Xi has visited 57 countries and received more than 110 foreign heads of state, he said: "These important visits and meetings go a long way towards deepening the world's understanding of China, enhancing China's profile and influence and facilitating the solution of many global problems".
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