US-China trade: Trade and commerce rules put into place in the wake of E-commerce scandal

Shoes

US-Chinese trade has been put into law by President Donald Trump in response to the e-commerce scandals plaguing China.

But the White House said that the legislation was not about curbing trade or forcing China to pay more for US goods, but about ensuring the integrity of international commerce and preventing other countries from abusing it.

US President Donald J Trump speaks to reporters at the WhiteHouse (Photo by Chip Somodevilla/Getty Images) US PresidentDonald Trump speaks at the US Chamber of Commerce (Getty Images: Brendan Smialowski) Trump has been criticized for not using his authority to stop the ecommerce deals that he has blamed on the Chinese.

The White House also said the legislation would not restrict the sale of US-made products.

Chinese officials have said they would oppose the legislation, saying it would only harm China’s economy and national interests.

“China has a strong economy, and China’s people deserve to be able to go about their lives freely,” US Trade Representative Robert Lighthizer said on Monday.

“This is about China’s interests, not ours.

We are going to protect our national interests.”

US trade deficit US imports of Chinese goods have more than doubled since the start of this year to $14.7bn (£9.1bn) a month.

US imports from China dropped in April to $5.1 billion, according to data from the US Commerce Department.

The US trade surplus with China has increased from $3.3bn in April 2017 to $8.2bn in March 2018.

In May 2018, China recorded a surplus of $3bn.

The United States has the third largest trade deficit with China, after Russia and Canada.

US trade with China is the biggest source of US national income, after goods and services.

China has the world’s second-largest economy, with an annual economic output of $US17 trillion ($23.2tn).

The US economy has been growing at a rate of 4.5 per cent in the last quarter, its slowest pace in more than two years.

China’s GDP grew by 3.9 per cent last year, according the United Nations.

communication e commerce e commerce buch e commerce rules synergy e commerce ubs e commerce

Related Posts