Trade deal with China only if it is good for US

China imports exports tumble in February

China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy and stirring talk of a "trade recession", despite a spate of support measures.

Beijing and Washington have been locked in a bruising trade war since past year, imposing tit-for-tat tariffs on more than $360 billion in two-way trade, which has left global markets reeling. But forecasters say even if they reach an agreement, this year's Chinese exports will be lackluster.

On Wednesday, the 6th of March 2019, the US Commerce Department had said that there had been a 12.4 percent jump in the deficit in last December, which had potentially contributed to a record $891.3 billion trade deficit over the last month of the final quarter in 2018.

USA stocks dropped with the dollar on Friday, after a report showed that US hiring unexpectedly tumbled in February with the economy adding just 20,000 jobs.

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Kuo hedges a bit in his note, however, suggesting that mass production may not begin until as late as the second quarter of 2020. However, that self-contained design comes with its own challenges when it comes to the comfort and overall weight of the device.


He noted the US Treasury Department had declined many times to label China a currency manipulator in its semi-annual report on global exchange rates.

China is on track to become the world's largest LNG importer for more than a month as Japan continues restarting its nuclear reactors, which will affect its LNG imports negatively and lead it to cede the top spot in imports of liquefied natural gas to China sooner rather than later.

Earlier on Friday, White House trade adviser Clete Willems the two countries had made progress in talks but that there was still much more left to be done. Economists polled by Reuters had expected a 4.8 percent drop after January's unexpected 9.1 percent jump.

The trade slump has added to pressure on Chinese leaders to make peace with Washington in their tariff fight over Beijing's technology ambitions. After averaging the first two months data to smooth the holiday fluctuations, shipments still dropped nearly 5 percent.

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This is the weakest start to the year for Chinese trade since 2016, according to Capital Economics. The trade surplus had been tipped at US$26.38 billion last month from January's US$39.16 billion.

US President Donald Trump on Thursday said that negotiations were making progress, telling reporters at the White House that the talks were "moving along pretty well".

The country's global trade surplus was USD43.7 billion.

"It is historic, it is written down, it was agreed to by the Chinese who were here two weeks ago, but it has to pass through the political filter of President Xi and the politburo", Kudlow said.

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But women are seriously underrepresented in the fields of science, technology, engineering, mathematics and design, he said. The Constitution is clear that women possess the same rights as men, and has gender equality as its core aim.


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