Trump to discuss trade with China's Xi as talks continue

Trump to discuss trade with China's Xi as talks continue

Trump to discuss trade with China's Xi as talks continue

Tackling the trade gap between the USA and China was one of President Trump's election campaign promises.

Some analysts, however, warned the strong April showing was mostly seasonal and that the global export recovery may have already topped out.

Tariff threats have roiled US and other stock markets in recent weeks amid fears a trade war between the world's two largest economies will impact global markets.

High-level discussions between the two sides in Beijing last week appeared to make little substantive progress in defusing trade tensions apart from an agreement to hold more talks. Ross said the US delegates briefed President Donald Trump after their return, and that Liu is expected to travel to Washington in the next couple weeks to continue discussions, Ross said.

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His family said good Samaritians pulled over, held his hand and prayed with him while they waited for the paramedics to get there. According to police, initial witness reports indicated that two men were fighting beside the road, outside their vehicles.

Chinese state broadcaster China Central Television said Xi described relations with the U.S.as being at an "important stage". Both exports and imports beat economists' expectations. Imports expanded 12.9 percent year-on-year in dollar terms, leaving the country's politically sensitive monthly trade surplus with the rest of the world at $28.8 billion, a turnaround from the previous month's $5 billion deficit.

Kim reaffirmed his commitment to dismantling his nuclear weapons program if "relevant parties abolish their hostile policies and remove security threats against" his country, China's Xinhua news agency said, a remark apparently directed at the U.S. Imports surged 21.5% from a year earlier, compared with a 14.4% increase in March.

THE QUOTE: "Geopolitical risk has cooled a little bit and economic data, even if it isn't accelerating as fast as it was a month ago, is still accelerating", said Karyn Cavanaugh, senior markets strategist at Voya Investment Management.

China's move to higher-value exports is clear, with shipments of lower-end products, such as shoes and apparel, declining year-on-year, but its strategic tech sector is firmly in the crosshair of the White House.

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