I mean for us all and lets do business chinas Foreign Trade continue to fall in october exports drop slightly imports plunged trade with the United States is down almost 16 percent the trade war is making its mark on the worlds 2 biggest economies and its unclear if theres an end in sight a day after beijing announced an agreement between the 2 governments to roll back tariffs there are reports of backpedaling from washington. U. S. Firms are among the thousands of Companies Taking part at the China Trade Expo theyre hoping to keep doing Good Business in the country despite the trade dispute. The statement this week from the Ministry Of Commerce In Beijing is likely to have raised their spirits. Over the past 2 weeks the chief Trade Negotiators of the 2 sides had serious and constructive discussions on how to resolve their respective core issues and agreed to cancel the other tariffs in stages. So he seemed. Shocked i dont question. For their part the United States confirmed the statem
wealth of leaders have been secret wealth of leaders have been exposed to one of the biggest ever leaks of financial documents dubbed the pandora papers. hundreds of journalists have had access to 12,000,000 documents sparking allegations of corruptions, money laundering and tax avoidance by the rich and powerful. the us has a strategy for tackling tree tensions with china but has decided not to drop tariffs imposed by donald trump. the subsidised steel and solar panels are squeezing our competition. three major social media sites owned by and operated by facebook have suffered an outage affecting millions of users. instagram and whatsapp are down as well is facebook itself.
for their part the united states confirmed the statement the trade conflict has hit growth slowed investment and continues to weigh in the global economy the international monetary fund welcome signs of deescalation we welcome any step to deescalate the tree tensions and to rule back recent trade measures which you just mentioned and particularly if they can provide a path towards a comprehensive and lasting agreement so is this the 1st step towards a co-operative future no sooner had hoped broken out than doubts began to set in again insiders say there s already opposition building within the white house to removing the tariffs. market analyst franco berridge joins us from london now let s talk about bad communication to start with something we ve got used to with a trump administration but something that the chinese is seeming to struggle with.