Back

China Textile and Apparel Council: Deeply concerned about escalating US-China trade friction

According to a statement on China National Textile and Apparel Council website, the council was deeply concerned about the intensifying trade tensions between the US and China, as cited by Reuters.

The body added that it resolutely opposes additional U.S. tariffs on China’s textile and textile equipment exports.

Earlier this week, the US administration threatened to slap another of tariffs on extra USD 200 billion worth of China’s imports.

Meanwhile, the China Customs was reported today, as saying that the Chinese economy remains exposed to downward risks due to some country's unilateralism and protectionism.

USD/CHF: Closed above 1.00, risk reversals hit 7.5-week high

The USD/CHF closed above 1.00 on Thursday - its first daily close above the psychological mark since May 17. Further, the currency pair rose to 1.0034
আরও পড়ুন Previous

China trade surplus with US widened to record high of $28.97 billion in June

The de-escalation of US-China trade dispute looks like a distant dream, given the China's trade surplus with the US hit a record high of $28.97 billio
আরও পড়ুন Next