U.S., CHINA TRADE: $300 BLN
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U.S., CHINA TRADE: $300 BLN
PLATTS - The US and China agreed Saturday to resume trade negotiations, with the US agreeing to halt further tariff hikes on Chinese goods and China agreeing to immediately start increasing purchases of American goods.
The developments on the sidelines of the G20 summit in Osaka, Japan, are positive for the recovery of commodity trade flows between the two countries, which had declined sharply since the trade conflict began, and US crude oil and agricultural product exports to China are likely to be among the first to benefit.
"With…
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Earlier:
2019, June, 27, 18:25:00
CHINA'S IMPORTS TO U.S. : $300 BLN
“Imposing tariffs on the remainder of U.S. imports from China will put undue strain on the supply chains of the natural gas and oil industry that enable the delivery of reliable and affordable energy to American families and businesses,” said Dr. Aaron Padilla, API’s Senior Advisor for International Policy.
2019, June, 26, 14:05:00
RUSSIA'S OIL TO CHINA UP ANEW
Imports from Russia came in at 6.36 million tonnes in May, or 1.50 million barrels per day (bpd), data from the General Administration of Customs showed on Tuesday.
2019, June, 26, 13:55:00
CHINA'S LNG UP
Over January-May, China imported 2.7 million mt of LNG from Malaysia, up 32% year on year, the customs data showed.
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
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Tags:
U.S.,
CHINA,
OIL,
GAS