The world's two largest economies are signalling the pain of the long-running dispute, fuelling global growth worries.
Meanwhile, US job growth almost stalled in February, with the economy creating only 20,000 jobs, raising concerns about a slowdown in economic activity.Wall Street saw a fall with the near-stagnant job growth - the weakest since September 2017.Nevertheless, the economy that in July will mark 10 years of expansion, the longest on record, is slowing and the weakening jobs growth will support the Federal Reserve's"patient" approach toward further interest rate increases this year.
Michael Pearce, senior US economist at Capital Economics in New York said:"The sharp slowdown in payroll employment growth in February provides further evidence that economic growth has slowed in the first quarter.The weak figures follow months of intense negotiations between Washington and Beijing aimed at ending their trade dispute.
US President Donald Trump postponed a sharp tariff hike planned for early March as the talks progressed, but both Washington and Beijing have kept previous duties in place. Even if a trade deal is reached, China's exporters will have to deal with weakening demand globally, particularly in Europe.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China-US row ERUPTS: Huawei accuses US of HACKING EMAILS as Beijing SUES WashingtonHUAWEI has accused the US of hacking its servers and stealing emails, according to reports.
Read more »
US attacks 'myths' about farming methodsUS Ambassador Woody Johnson criticises warnings about chlorine-washed chicken and hormone-fed beef.
Read more »
Italy to enrage EU and US as it launches bid to snatch China tradeITALY is trying to win China’s favour by preparing to become the first G7 country to endorse its globalisation strategy, in open defiance with the EU’s position on trading with the Communist country.
Read more »
US trade deficit rises to 10-year high amid Trump's tariff war with ChinaThe goods trade deficit with China hit an all time high last year
Read more »
China warns US of 'all necessary measures' to protect HuaweiForeign minister suggests recent actions against Chinese firms are ‘deliberate political suppression’
Read more »
South China Sea: Tensions ERUPT as US bombers DEFY Chinese and fly over disputed islandsUS B-52 bombers flew over the disputed South China Sea for the first time in months despite China warning them to ‘steer clear of these areas’.
Read more »
China WARNING: US worried as Italy set to SUPPORT Beijing's Belt and Road economic planITALY is set to become the first G7 country to back China’s Belt and Road plan, sparking alarm in the White House and the EU.
Read more »
Donald Trump asks China to abolish tariffs on US farm produceThe US president says it is ‘very important for our farmers’ while adding that trade talks are ‘moving along nicely’
Read more »
US dragged into India-Pakistan tensions as Islamabad accused of illegally using US F-16sTHE US is “seeking information” on whether Pakistan has breached sale agreements with Washington and used US-built F-16 jets to down India’s warplanes, the US embassy in Islamabad said.
Read more »
US briefing: Fox News, Huawei sues US and a surge in populist rhetoricThursday’s top story: Fox barred from hosting Democrats’ 2020 primary debates. Plus, Sergei Polunin, the self-destructive ballet superstar
Read more »