- Tag results for Trade war
Exports and imports increased at nearly the same rate, meaning no positive contribution to fourth-quarter growth statistics.
The two economic superpowers have already imposed duties on more than $360 billion in two-way trade, which has weighed on their manufacturing sectors and shaken global financial markets.
Trump, during his second annual State of the Union (SOTU) address, said that to build on America's incredible economic success, one priority is paramount reversing decades of calamitous trade policies
US President Donald Trump has repeatedly said he favors a healthy Chinese economy but not at the expense of American business and know-how.
After dropping over 100 points in early trade, the 30-share index turned rangebound, and was trading 21.49 points, or 0.06 per cent, lower at 35,635.21.
For the year 2019, Xi spoke of taking steps to defuse major risks, alleviate poverty, prevent and control pollution, and promote sustained and sound economic development.
The US has imposed punitive tariffs on Chinese goods worth USD 250 billion per year. In retaliation, China imposed tariffs on USD 110 billion of American goods.
The critical question is whether US and China can strike a deal by the March 1 deadline because if they succeed, a cloud will be lifted off the world economy.
Trade experts and observers agree the timeframe will not allow for a comprehensive trade pact between the world's two biggest economies.
In the short run, the arrest of Huawei's chief financial officer heightened skepticism about the trade truce that Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires.
The markets tanked after the arrest of Huawei executive Meng Wanzhou in Canada for extradition to the US in an investigation into suspected Iran sanctions violations by the company.
The commerce ministry's remarks came days after US President Donald Trump and Chinese leader Xi Jinping agreed to give negotiators 90 days to resolve their trade spat.
There was a slight paring of prices after Qatar announced it would be leaving OPEC next year as it looks to concentrate on its gas production, though it would continue to pump crude.
Here are some of the main developments at the Group of 20 summit, which wrapped up Saturday.
The agreement hashed out over steak in the Argentine capital Buenos Aires lowers the temperature in a conflict that has spooked world markets.