China trade surplus reaches a record of nearly $1tn

China's trade surplus approached $1 trillion last year due to massive exports and careful domestic spending on imports. This surpasses the previous record, indicating China's strong dominance in global manufacturing. Many countries have responded by increasing tariffs to protect their own industries. As President-elect Trump prepares to take office, further trade tensions may arise.

from World News Today, Trending World News, Latest International News, World Breaking News - Times of India https://ift.tt/yT5xeKW

Comments

Post a Comment

Popular posts from this blog

US approves $300 mn support for Taiwan's tactical information systems

Image
The US State Department has approved a USD 300 million sale of equipment to help maintain Taiwan's tactical information systems. The sale will provide follow-on life cycle support to maintain Taiwan's Command, Control, Communications, and Computers capabilities, enhancing operational readiness and maintaining secure flow of tactical information. Taiwan's defense ministry expects the sale to "take effect" in one month and expresses gratitude to the United States. The sale comes as Taiwan complains of repeated Chinese military activity near the island, and as Taiwan prepares for upcoming presidential and parliamentary elections. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/Nl1tIEG
Read more

Trump admin invokes state secrets privilege in deportation case of Kilmar Garcia

Image
The Trump administration has invoked the state secrets privilege in the case of Kilmar Abrego Garcia, who was wrongfully deported to El Salvador. Judge Paula Xinis is demanding detailed justifications for the privilege claims, amidst accusations of non-compliance with court orders. from World News, Today World News, Latest International News, World Breaking News, Trending News of World - Times of India https://ift.tt/BwQU8lb
Read more