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China sales to US slump even as exports beat forecasts
China sales to US slump even as exports beat forecasts
Business and Economy
by  AFP

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. However, exports to the United States -- one of China's top trading partners -- fell 17.6 percent month-on-month, data showed.

Chinese fabric exporters anxious for US trade patch-up
Chinese fabric exporters anxious for US trade patch-up
Business and Economy
by  AFP

Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. Sales to the United States made up 18 percent of China's total textiles and apparel exports in 2024, according to Moody's Ratings.

US automakers blast Trump's UK trade deal
US automakers blast Trump's UK trade deal
Business and Economy
by  AFP

The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday. The Detroit companies organized their supply chains around the 2020 US-Mexico-Canada Agreement (USMCA), which Trump negotiated in his first term.