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US exported US$107 million worth of frozen beef to China in July, compared to just US$35 million from traditional export destination Australia China informally banned a series of goods from Australia, including coal, log timber and wine last year amid 18 months of tensions between Canberra and Beijing
WASHINGTON: The Biden administration will review all national security measures put in place by former President Donald Trump, including the U.S.-China Phase 1 trade deal signed in January 2020, White House press secretary Jen Psaki said on Friday.
China’s trade with US failed to meet phase-one deal targets last year, and 2021 is not expected to yield more success
Even bumper sales of soybeans, pork and beef, plus market access for a range of other products, could not get China close to purchase targetsAnalysts point to unrealistic goals in original deal with United States, and overall trade goals may continue to remain elusive in this year
One year after signing, China lags far behind in its purchases of American goods and the trade imbalance with the US has grownBut the agreement remains one of the only areas of cooperation between the nations as relations hit their lowest ebb in decades
BEIJING (China Daily/ANN): Thirty-seven animal and plant quarantine procedures related to trading in farm produce under the first-phase China-US economic and trade agreement have been completed on time and with high quality, a customs official said on Monday (Nov 30).
BEIJING: China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted Covid-19 coronavirus restrictions in a further boost to the world's second-biggest economy.
SINGAPORE: Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.
WASHINGTON: Asian stock were set for a choppy session on Wednesday, following a mixed Wall Street lead as markets cheered signs of progress in U.S.-Sino trade negotiations but remained cautious about the broader economic outlook.
NEW YORK: The euro rose on better-than-expected German business morale data on Tuesday while global equity markets gained, with the S&P 500 and Nasdaq setting new closing highs, after a phone call cooled a recent flare-up in U.S.-China trade tensions.