US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg

China’s exports rise in May but US trade war will still hurt in the long run, analysts warn

  • Exports unexpectedly rose 1.1 per cent in May against an expected drop of 3.9 per cent, although imports fell 8.5 per cent
  • US President Donald Trump increased tariffs on US$200 billion of Chinese imports from 10 per cent to 25 per cent on May 10
Topic |   China economy

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US Treasury secretary Steven Mnuchin with People's Bank of China governor Yi Gang in Japan. Photo: Bloomberg
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US Treasury Secretary Steven Mnuchin with People‘s Bank of China governor Yi Gang. Photo: Bloomberg

US President Donald Trump ‘perfectly happy’ to impose more tariffs on Chinese goods if talks fail to progress, Steven Mnuchin says

  • US Treasury Secretary puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms
  • Official tweeted earlier about ‘candid’ trade discussion with People’s Bank of China governor Yi Gang
Topic |   US-China trade war

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US Treasury Secretary Steven Mnuchin with People‘s Bank of China governor Yi Gang. Photo: Bloomberg
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