As Trump arrives, China reports narrower surplus with US - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

As Trump arrives, China reports narrower surplus with US

(AP Photo/Ng Han Guan). In this Tuesday, Nov. 7, 2017, photo, workers work at an outdoor food street in Beijing, China. After a brief truce with China to cooperate over North Korea, U.S. President Donald Trump visits Beijing this week amid mounting U.S... (AP Photo/Ng Han Guan). In this Tuesday, Nov. 7, 2017, photo, workers work at an outdoor food street in Beijing, China. After a brief truce with China to cooperate over North Korea, U.S. President Donald Trump visits Beijing this week amid mounting U.S...

BEIJING (AP) - China reported that its politically volatile trade surplus with the United States narrowed in October from the previous month as President Donald Trump arrived Wednesday on an official visit with commercial issues high on his agenda.

China's global exports rose 6.9 percent to $188.9 billion, a decline from September's 8.1 percent growth, customs data showed. Imports rose 17.2 percent to $150.9 billion, down from the previous month's 18.7 percent increase.

Exports to the United States rose 11.2 percent while imports of U.S. goods rose 17.4 percent, the customs agency reported.

The trade surplus with the United States was $26.6 billion, a decline of $1.5 billion from September but a 12.2 percent increase compared with a year earlier. The total surplus with the United States for the first nine months of the year was $223 billion.

Export growth was unexpectedly strong in the first half of the year, a positive sign for Chinese leaders who want to avoid job losses in trade-related industries as they try to nurture consumer-led economic growth.

The outlook for Chinese exports has been clouded by mounting pressure from Washington to narrow the country's trade surplus. The Trump administration has boosted duties Chinese goods such as stainless steel and plywood to offset what it says are improper subsidies.

"Export growth eased somewhat in October to a pace that is still solid, indicating that global demand momentum remains resilient," Louis Kuijs of Oxford Economics said in a report. "However, as trade with the U.S. takes the limelight amid U.S. President Trump's China visit, we estimate that the U.S.'s trade deficit with China will rise to close to $370 billion this year, adding to trade tensions."

Trump has complained about the size of the U.S. trade gap with China but has yet to say what he might propose in Beijing.

His government also is investigating whether Beijing is violating its free-trade commitments by pressuring foreign companies to hand over technology in return for market access.

Some American companies worry Trump's focus on trade in goods might mean he pays too little attention to barriers to market access in services such as finance and health care.

China's trade surplus with the 28-nation European Union, its biggest trading partner, narrowed by 6.6 percent to $11.3 billion.

___

General Administration of Customs of China: www.customs.gov.cn

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • InternationalMore>>

  • Trump administration announces sanctions against North Korea

    Trump administration announces sanctions against North Korea

    Tuesday, November 21 2017 3:41 AM EST2017-11-21 08:41:17 GMT
    Tuesday, November 21 2017 8:41 AM EST2017-11-21 13:41:32 GMT

    North Korea on Monday joined Iran, Sudan and Syria on the terror blacklist, a largely symbolic step.

    North Korea on Monday joined Iran, Sudan and Syria on the terror blacklist, a largely symbolic step.

  • US ending temporary permits for almost 60,000 Haitians

    US ending temporary permits for almost 60,000 Haitians

    Monday, November 20 2017 7:40 PM EST2017-11-21 00:40:54 GMT
    Tuesday, November 21 2017 8:38 AM EST2017-11-21 13:38:16 GMT
    The Trump administration says it is ending a temporary residency permit program that has allowed almost 60,000 citizens from Haiti to live and work in the United States since a 2010 powerful earthquake shook the...
    The Trump administration says it is ending a temporary residency permit program that has allowed almost 60,000 citizens from Haiti to live and work in the United States since a 2010 powerful earthquake shook the Caribbean nation.
  • Bonn climate talks end with progress despite US stance

    Bonn climate talks end with progress despite US stance

    Saturday, November 18 2017 3:59 AM EST2017-11-18 08:59:34 GMT
    Tuesday, November 21 2017 8:37 AM EST2017-11-21 13:37:24 GMT
    Negotiators worked through the night on the technical details of the Paris climate accord before two weeks of global talks on climate change finally ended in Bonn.
    Negotiators worked through the night on the technical details of the Paris climate accord before two weeks of global talks on climate change finally ended in Bonn.
Powered by Frankly