China's trade surplus with United States soars in Q1 but March exports falter

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Products on the list such as USA wines and liquor may have an element of inelasticity, and Chinese consumers may simply choose to pay higher prices for their booze of choice.

After banks doled out a record 2.9tn yuan in new yuan loans in January, they came under pressure from regulators to rein in lending, financial magazine Caixin reported in February, citing banking sources.

China's global trade balance swung to a rare deficit last month as exports shrank, but its surplus with the United States, the center of a worsening dispute with Washington, stood at US$15.4 billion.

The plan will involve steps toward freer movements of goods, people and services that is now the case in port cities like Hong Kong, according to Yonhap news agency's correspondent in Beijing.

The tariffs are part of a trade dispute that escalated last week when the administration of President Donald Trump announced plans to impose tariffs on $50 billion in Chinese imports.

Last Thursday, Trump ordered the USA trade representative to consider imposing tariffs on up to $100 billion worth of Chinese products.

Seven of China's 10 most polluted cities in March were in Hebei province, China's biggest steel producing region. "When the price of soybeans goes up, farmers are more willing to plant them". China's strategic tariffs on US goods is meant to make Trump supporters in red states clearly aware that the president's actions have a direct negative effect on them, and that their support of the president will have financial repercussions.

"This is moving towards what the regulators would like to see", said ANZ Senior China Economist Betty Wang.

Neither side has put the new tariffs into effect, as yet.

"Given that Indian foreign exchange reserves are ample by common metrics, and that India maintains some controls on both inbound and outbound flows of private capital, further reserve accumulation does not appear necessary", the Treasury said in its report. "They're willing to bite that pill".

Chinese investors showered the US senior housing market with money in 2016 and early 2017, buying properties operated by companies like Brookdale Senior Living and Genesis Healthcare.

Steven Shill, partner and national leader with the BDO Center for Healthcare Excellence & Innovation, said some Chinese investors are buying stock in those companies instead of acquiring assets.

"The issue is that these other countries or even the domestic consumers. can't pick up all the slack so there will be excess material", he says. Those duties would come on top of the $50 billion in products the US has already targeted in a dispute over Beijing's sharp-elbowed drive to supplant America's technological supremacy.

In the USA, it's more culturally acceptable to place parents or grandparents in senior-living facilities, Dopoulos said. In one example, Sinopec is lining up its third very large crude carrier (VLCC) shipment of diesel from China to Europe or West Africa, people familiar with the matter said.

Trump also struck a milder tone this week. Illinois, Iowa, Minnesota, Nebraska, Indiana and Missouri account for over half of all soy produced in the United States.

Global economists have suggested a lengthy stalemate between the two countries could yield far-reaching economic strife for a large percentage of western economies that depend on imports, a group numerous Latin American and Caribbean countries fall into.