US exports to China have dropped for eight consecutive months, as China had to impose tariffs as a countermeasure to the US moves, the paper said.
US President Donald Trump has said that he expected to meet his Chinese counterpart Xi Jinping soon to finalize a trade deal between the world's top largest economies.
US President Donald Trump delivers a televised address to the nation from his desk in the Oval Office about immigration and the southern US border on the 18th day of a partial government shutdown at the White House in Washington, January 8, 2019. [Photo/Agencies]
US CDC pushed to play down COVID-19 risks in reopening schools: Former official - World - Chinadaily.com.cn
US Secretary of State Mike Pompeo. [Photo/Agencies]
US President Donald Trump wears a mask while visiting Walter Reed National Military Medical Center in Bethesda, Maryland, US, July 11, 2020. [Photo/Agencise]
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US trade experts have played down the tariffs. "The safeguard tariffs are not a surprise. The Trump administration has often said that it will take a sympathetic view of industry complaints in safeguard cases, anti-dumping and countervailing cases, and national security cases. That's what it did," said Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics.
US banks and other financial institutions have announced that they are offering help to federal workers affected by the shutdown. Some 800,000 have been affected, either by being furloughed or working without pay before receiving back pay when the shutdown ends.
US COVID-19 case count rose to 13,047,202, with a total of 264,624 deaths, as of 4:26 pm local time (2126 GMT), according to the CSSE tally.
Uber had already lowered its valuation expectations twice in the last two months to address investor concerns over its mounting losses.